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Required information [The following information applies to the questions displayed below.] The following pre-closing accounts and balances were drawn from the records of Carolina Company

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Required information [The following information applies to the questions displayed below.] The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable Retained earnings $4,200 2,100 2,400 1,250 5,475 Accounts receivable Common stock Revenue Expense $1,650 2,575 2,400 1,350 mat is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1? Multiple Choice $6,600 $8,250 $10,650 $10,350

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