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At December 31, 2014, the accounting records of Braun Corporation contain the following items: Accounts Payable S16,000 Accounts Receivable S.10.000 Land $240,000 Cash Capital Stock

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At December 31, 2014, the accounting records of Braun Corporation contain the following items: Accounts Payable S16,000 Accounts Receivable S.10.000 Land $240,000 Cash Capital Stock Equipment $120.000 Building $180,000 Notes Payable $190.000 Retained Eamings $160,000 Refer to the information above. If Capital Stock is $320,000, total assets of Braun Corporation at December 31, 2014, amounts to: $686,000 $726,000. $106,000 $926,000. QUESTION 8

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