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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
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