A company began the year with assets of $100,000, liabilities of $20,000, and stockholders’ equity of $80,000. During the year assets increased ,000 and stockholders’ equity increased $20,000. What was the change in liabilities for the year?
A company began the year with assets of $100,000, liabilities of $20,000, and stockholders’ equity of $80,000. During the year assets increased ,000 and stockholders’ equity increased $20,000. What was the change in liabilities for the year?
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