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  3. dave pays $3 for stock from a given firm. when he

Dave pays $3 for stock from a given firm. When he bought, the firm had...

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Accounting

Dave pays $3 for stock from a given firm. When he bought, the firm had net worth of $40,000 and assets of $100,000; however, now the firm is in debt, with net worth of -$12,000. Because Dave is a stockholder and therefore officially an owner of the firm, the maximum amount he can be out in this transaction is $________.

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