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Consider the following liabilities and owners equity for Vivian Corp. Accounts payable $1,400,000 Wages payable 400,000 Notes payable to bank 1,200,000 Total current liabilities $3,000,000
Consider the following liabilities and owners equity for Vivian Corp. Accounts payable $1,400,000 Wages payable 400,000 Notes payable to bank 1,200,000 Total current liabilities $3,000,000 Long-term debt 2,400,000 Total debt $5,400,000 Common stock 3,000,000 Retained earnings 664,000 Total common equity $3,664,000 Total liabilities and equity 9,064,000 What is Vivian's investor supplied capital? Group of answer choices
a. $3,664,000 b. $4,864,000 c. $6,064,000 d. $7,264,000 e, $9264,000
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