Liabilities of $150,000 existed at the beginning of a period. During the period, liabilities recorded at $50,000 were settled for $35,000, and new liabilities of $5,000 were incurred. A statement of realization and liquidation reports "liabilities not liquidated" of:
A) $100,000
B) $125,000
C) $115,000
D) $105,000
Correct Answer:
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