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What is leary total liabilities balance at the end

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Reference no: EM132777070

Leary Corporation's end-of-year balance sheet consisted of the following amounts:

Cash $ 25,000 Accounts receivable $46,000

Property, plant, and equipment 69,000 Long-term debt 41,000

Capital stock 107,000 Accounts payable 22,000

Retained earnings ? Inventory 33,000

Problem 1: What is Leary's total liabilities balance at the end of the current year?

a. $173,000

b. $110,000

c. $63,000

d. $3,000

Reference no: EM132777070

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