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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $300,000; Patents and copyrights = $620,000; Accounts payable = $470,000;
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $300,000; Patents and copyrights = $620,000; Accounts payable = $470,000; Accounts receivable = $149,000; Tangible net fixed assets = $3,500,000; Inventory = $175,000; Notes payable = $180,000; Accumulated retained earnings = $1,305,000; Long-term debt = $1,430,000. What is the common stock account balance for the company? Multiple Choice $1,719,000 $1,151,000 $1,567,000 $2,001,000 $1,359,000
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