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Determine the common stock for Midland Blues based on the following information: cash = $330,000; intangible assets = $790,000; accounts payable = $400,000; accounts receivable
Determine the common stock for Midland Blues based on the following information: cash = $330,000; intangible assets = $790,000; accounts payable = $400,000; accounts receivable = $140,000; tangible net fixed assets = $4,200,000; inventory = $195,000; notes payable = $180,000; accumulated retained earnings = $1,750,000; long-term debt = $1,250,000.
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