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Coronado Industries compiled the following financial information as of December 31, 2017: Service revenue $825000 Common stock 198000 Equipment 255000 Operating expenses 735000 Cash 203000
Coronado Industries compiled the following financial information as of December 31, 2017:
| Service revenue | $825000 |
| Common stock | 198000 |
| Equipment | 255000 |
| Operating expenses | 735000 |
| Cash | 203000 |
| Dividends | 60000 |
| Supplies | 38000 |
| Accounts payable | 110000 |
| Accounts receivable | 86000 |
| Retained earnings, 1/1/17 | 432000 |
Coronado retained earnings on December 31, 2017 are:
|
| $548000. |
|
| $462000. |
|
| $ 38000. |
|
| $432000. |
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Sound Investing, Chapter 17 - Off-Balance-Sheet Shams
Authors: Kate Mooney
1st Edition
0071719393, 9780071719391
