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THE FOLLOWING INFORMATION APPLIES TO THE NEXT FOUR QUESTIONS: Accounts payable: $ 30,000 Accounts receivable: $ 15,000 Accumulated depreciation - Buildings and equipment: $ 70,000
THE FOLLOWING INFORMATION APPLIES TO THE NEXT FOUR QUESTIONS: Accounts payable: $ 30,000 Accounts receivable: $ 15,000 Accumulated depreciation - Buildings and equipment: $ 70,000 Buildings and equipment: $ 300,000 Cash: $ 10,000 Common stock: $ 60,000 woon stock Cost of goods sold: $ 120,000 Depreciation expense: $ 20,000 Inventory: $ 40,000 Dividends: $ 45,000 Long-term notes payable: $ 80,000 Retained earnings (beginning balance): $ 85,000 Service revenue: $ 250,000 Unearned revenue: $ 25,000 Wage expense: $ 50,000 Total assets are: Select one: O $ 435,000 O $350,000 O $295,000 $ 280,000 O $ 395,000 O $ 365,000 Total current liabilities are: Select one: $ 65,000 $ 55,000 O $ 25,000 O $ 40,000 O $ 80,000 O $ 50,000
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