Multiple Choice
As of December 31, 2015, Calexico Company has assets of $42,000 and stockholders' equity of $20,000. What are the liabilities for Calexico Company as of December 31, 2015?
A) $22,000.
B) $20,000.
C) $42,000.
D) $62,000.
Correct Answer:
Verified
Correct Answer:
Verified
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