Question
At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 16,000 Accounts Receivable $ 40,000 Land 240,000
At December 31, Year 1, the accounting records of Braun Corporation contain the following items: 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 $320,000, total assets of Braun Corporation at December 31, Year 1, amounts to:
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
