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Question 2 (10 points) 4) Listen The Balance Sheet for Consolidated Industrial shows the following balances: cash - $500,000; patents and copyrights $800,000; accounts payable
Question 2 (10 points) 4) Listen The Balance Sheet for Consolidated Industrial shows the following balances: cash - $500,000; patents and copyrights $800,000; accounts payable = $400,000; accounts receivable = $160,000: property plant and equipment = $4,600,000; inventory = $195,000; notes payable = $180,000; retained earnings - $2,300,000; long-term debt $1,500,000. What must the value for Common Stock be? $275,000 $6,475,000 $2,235,000 $1,485,000 $1,875,000
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