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Accumulated depreciation The Parker Company reported the following at the end of the year: Equipment (400) Accounts payable 800 Common stock Cash 4,000 Prepaid expenses
Accumulated depreciation The Parker Company reported the following at the end of the year: Equipment (400) Accounts payable 800 Common stock Cash 4,000 Prepaid expenses Unearned revenue 400 Inventory Notes payable Retained earnings What amount should the company report for inventory? 12,000 at the end of the year: Equipment Common stock Prepaid expenses Inventory Retained earnings inventory? 24,000 16,000 300 ? 1,800
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