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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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