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What are the liabilities for Calexico Company as of December

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Question - As of December 31, Calexico Company has assets of $42,000 and stockholders' equity of $20,000. What are the liabilities for Calexico Company as of December 31?

a. $20,000.

b. $42,000.

c. $22,000.

d. $62,000.

Reference no: EM133033309

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