As of December 31, 2022, Calexico Company Has Assets of $42,000

question 106

Multiple Choice

As of December 31, 2022, Calexico Company has assets of $42,000 and stockholders' equity of $20,000.What are the liabilities for Calexico Company as of December 31, 2022?

• A)$22,000
• B)$20,000
• C)$42,000
• D)$62,000

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