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Current Attempt in Progress Suppose the following items were taken from the 2017 financial statements of Kingbird, Inc.. (All dollars are in millions.) Common
Current Attempt in Progress Suppose the following items were taken from the 2017 financial statements of Kingbird, Inc.. (All dollars are in millions.) Common stock $3,420 Accumulated depreciation-equipment $2,690 Prepaid rent 175 Accounts payable 1,080 Equipment 6,110 Patents 2,120 Stock investments (long-term) 670 Notes payable (long-term) 850 Debt investments (short-term) 1,6801 Retained earnings 6,375 Income taxes payable 160 Accounts receivable 1,740 Cash 1,060 Inventory 1,020
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