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Compute the total liabilities that would appear

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Question - ABC, Inc. reports the following assets and liabilities. Compute the total liabilities that would appear in the corporation's basic accounting equation (Assets = Liabilities + Owners' Equity (Capital Stock)).

Cash $37,000

Owner's Capital 15,000

Supplies 1, 800

Loan Payable 9,000

Inventory 12,000

a. 35,800

b. 35,900

c. 26,800

d. 26,900

Reference no: EM132630435

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