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Multiple Choice Question 154 Waterway Industries compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends

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Multiple Choice Question 154 Waterway Industries compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/17 $846000 185000 231000 746000 222000 57000 40000 120000 94500 448000 Waterway retained earnings on December 31, 2017 are: $448000 $491000. $40000. $550000

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