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Sandhill Co.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) $39000 Trading securities 13000 Accumulated depreciation on equipment and
Sandhill Co.'s trial balance reflected the following account balances at December 31, 2020: Accounts receivable (net) $39000 Trading securities 13000 Accumulated depreciation on equipment and furniture 31000 Cash 31000 Inventory 59000 Equipment 47000 Patent 8300 Prepaid expenses 3000 Land held for future business site 37000 In Sandhill's December 31, 2020 balance sheet, the current assets totalis $210000 $215300, $231300. $145000. Cullumber Company has the following items. common stock. $951000; treasury stock $106000; deferred income taxes. $126000 and retained earnings, $453000. What total amount should Cullumber Company report as stockholders'equity? $1172000. $1424000. $1550000. O $1298000
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