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Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash = $270,000; Patents and copyrights = $770,000; Accounts payable = $490,000;
Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash = $270,000; Patents and copyrights = $770,000; Accounts payable = $490,000; Accounts receivable = $149,000; Tangible net fixed assets = $4,500,000; Inventory = $175,000; Notes payable = $180,000; Accumulated retained earnings = $1,185,000; Long-term debt = $1,730,000. What is the common stock account balance for the company? Multiple Choice $2,519,000 $2,279,000 $2,961,000 $2,039,000 $2,639,000
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