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Krammer Company Has Liabilities Equal to One-Fourth of the Total

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Essay

Krammer Company has liabilities equal to one-fourth of the total assets. Krammer's owner's equity is $45,000. Using the accounting equation, what is the amount of liabilities for Krammer?


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Senator John Crittenden

A 19th-century American politician known for the Crittenden Compromise, an attempt to prevent the Civil War.

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Individuals compulsorily selected and enlisted for military service through a draft or conscription process.

Civil Liberties

Fundamental rights and freedoms protected by law from governmental interference or deprivation without due process.

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