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Question 5 (3 points) On January 1, Hrooks Brothers Inc. started the year with a $492,000 halance in Retained Earnings and S60s,000 balance in Common
Question 5 (3 points) On January 1, Hrooks Brothers Inc. started the year with a $492,000 halance in Retained Earnings and S60s,000 balance in Common Stock. During the year, the company reported net income of $92,000, po dividend of S15,200, and issued more common stock for $27,500. What is total stockholders equity at end of the year? Oa) s1.588,100. b) s1.251,700 Oc) $1.201.300 Od) s1.097.000. Question 6 (3 points) Which of the follawing accounts is(are) listed in a past-clasing trial balance? Prepaid Rent Accounts Payable Salaries Expense Deferred Revenues Service Revenues Dividends VIL L IL IV VI Cash trial balance Oa) All of these are included in the post closing .IV. V. VII. Oc) 1. 1I. IV. VI. VI. Od) 1. II. IV. VI
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