Question: The accounting equation is: Assets = Liabilities + Stockholders Equity. Appendix A, at the end of this book, reproduces Tootsie Rolls financial statements. Replacing words

The accounting equation is: Assets = Liabilities + Stockholders’ Equity. Appendix A, at the end of this book, reproduces Tootsie Roll’s financial statements. Replacing words in the equation with dollar amounts, what is Tootsie Roll’s accounting equation at December 31, 2009?

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