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  3. red, inc. started the year with assets of $100,000

Red, Inc. started the year with assets of $100,000 and liabilities of $40,000. During the...

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Accounting

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Red, Inc. started the year with assets of $100,000 and liabilities of $40,000. During the year, assets increased by $20,000 and stockholders' equity increased by $6,000. What is the ending balance of liabilities

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