As of December 31, 2008, Stoneland Company has assets of ($3,500) and owners equity of ($2,000.) What

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As of December 31, 2008, Stoneland Company has assets of $$3,500$ and owner’s equity of $$2,000.$ What are the liabilities for Stoneland Company as of December 31, 2008?

a. $$1,500.$

b. $1,000.

c. $2,500.

d. $2,000.

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