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On March 1, ABX Company's assets are $100,000 and its liabilities are $30,000. On March...

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Accounting

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On March 1, ABX Company's assets are $100,000 and its liabilities are $30,000. On March 5,ABX is fined $15,000 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX

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