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Condensed financial data of Monopoly Corporation appear below: A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for
Condensed financial data of Monopoly Corporation appear below: |
A cash dividend was declared and paid in full to stockholders during the year. |
Required: |
Solve for the missing numbers. (Enter any deductions and cash outflows as a negative value.) |
MONOPOLY CORPORATION Comparative Balance Sheet December 31 Current Year Prior Year Assets 58,940$ Cash Accounts receivable Inventories Prepaid rent Property, plant, and equipment Accumulated depreciation Total assets 36,400 32,600 70,600 2,600 206,000 (43,000) $367,300 $ 305,200 3,160 233,000 (58,600) Liabilities and Stockholders' Equity Accounts payable Accrued Liabilities Notes payable (long-term) Contributed capital Retained earnings Total liabilities and stockholders' equity $39,200 $ 34,600 12,600 156,000 28,000 74,000 367,300$305,200 10,000 133,000 56,000 129,100
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