What is the amount of emmitts liabilities
Response to the following problem:
Emmitt had the following final balances after the first year of operations:
assets, $55000
stockholders equity, $25000
dividends, $3000 and net income, 10,000.
what is the amount of emmitts liabilities?
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Emmitt had the following final balances after the first year of operations-assets, $55000.
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