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[ The following information applies to the questions displayed below. ] At January 1 ( beginning of its fiscal year ) , Freeman, Incorporated, a

[The following information applies to the questions displayed below.]
At January 1(beginning of its fiscal year), Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share):
\table[[Cash,$2,090,Accounts payable,$400
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