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Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash =$390,000; Patents and copyrights =$770,000; Accounts payable = $440,000; Accounts receivable
Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash =$390,000; Patents and copyrights =$770,000; Accounts payable = $440,000; Accounts receivable =$169,000; Tangible net fixed assets =$4,700,000; Inventory =$225,000; Notes payable =$170,000; Accumulated retained earnings = $1,295,000; Long-term debt =$1,830,000. What is the common stock account balance for the company? Multiple Choice $2,275,000 $2,763,000 $2,519,000 $3,061,000 $2,859,000
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