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On December 31, 2014, Krug Company reported stockholders' equity of $340,000 prior to the following adjusting entries: Depreciation expense: $46,000; Accrued service revenues: $44,000; Accrued
On December 31, 2014, Krug Company reported stockholders' equity of $340,000 prior to the following adjusting entries:
Depreciation expense: $46,000;
Accrued service revenues: $44,000;
Accrued expenses: $16,000;
Used insurance: $6,000;
the insurance was initially recorded as prepaid. Rent revenue earned: $4,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. How much is Krug's stockholders' equity after adjusting entries?
A. $366,000.
B. $328,000.
C. $340,000.
D. $320,000.
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