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At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 16,000

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At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 16,000 240,000 ? 180,000 160,000 Accounts Receivable Cash Equipment Notes Payable $ 40,000 ? 120,000 190,000 If Cash at December 31, Year 1, is $66,000, total assets amounts to: Multiple Choice es $646.000 $606,000. $806.000 $662,000

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