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Homework answers / question archive / assume the total assets equal $800000 and the total liabilities equal $500000 at the end of 2015
assume the total assets equal $800000 and the total liabilities equal $500000 at the end of 2015. During 2016, the total assets decreased by 10% and total owner equity increased by 20%, what is the total amount of liabilities at the end of 2016?
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