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1. As of December 31, 2011, Bloom Company had $1,800 of assets, $600 of liabilities and $200 of retained earnings. The balance in the common

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1. As of December 31, 2011, Bloom Company had $1,800 of assets, $600 of liabilities and $200 of retained earnings. The balance in the common stock account on the December 31, 2011 balance sheet was A. $1,200 B. $1,000 C. $800 D. $400 E. none of the above

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