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ACC MIDTERM 1. At December 31, 2016, the accounting records of Tasty Foods Corporation contain the following: Accounts payable $16,000 Accounts receivable $40,000 Land
ACC MIDTERM 1. At December 31, 2016, the accounting records of Tasty Foods Corporation contain the following: Accounts payable $16,000 Accounts receivable $40,000 Land $240,000 Cash Capital stock Equipment $120,000 Building $180,000 Notes payable $190,000 Retained earnings $160,000 If capital stock is $260,000, what is the December 31, 2016 cash balance?
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
