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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 23: Financial Statement Analyses
  5. Question
    A Firm Reported Total Liabilities of $60,000 and Total Stockholders
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A Firm Reported Total Liabilities of $60,000 and Total Stockholders

Question 3

Question 3

Essay

A firm reported total liabilities of $60,000 and total stockholders' equity of $140,000.The amount of total liabilities is ____________________ percent of total assets.

Correct Answer:

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