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Lena Company has provided the following data for its 2019 operations ignore income taxes): 2019 revenues were $88,000. 2019 expenses were $49.700. Dividends declared and

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Lena Company has provided the following data for its 2019 operations ignore income taxes): 2019 revenues were $88,000. 2019 expenses were $49.700. Dividends declared and paid during 2019 totaled $8,800. Total assets at December 31, 2019 were $196,000. Total liabilities at December 31, 2019 were $127.000 Common stock at December 31, 2019 was $38,000. Which of the following is correct? Multiple Choice 2019 net income was Total stockholders' equity at December 31, 2019 was $255.000 o oo Retained earnings at December 31, 2019 were $31.000 C ) Retained earnings at December 31, 2019 were $29.500 At the beginning of 2019, a corporation had assets of 5550,000 and liabilities of $420,000 During 2019, assets increased $40,000 and liabilities increased $1,000. What was stockholders' equity at December 31, 2019? Mutiple Choice O setooo o o ooo o O snooo A corporation has $88,000 in total assets, $32,000 in total liabilities, and a $16,800 credit balance in retained earnings. What is the balance in the contributed capital accounts? Multiple Choice o 539,200 o o o

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