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The following information applies to the questions displayed below Assume you are the president of High Power Corporation At the end of the first year

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The following information applies to the questions displayed below Assume you are the president of High Power Corporation At the end of the first year of operations ( December 31) the following financial data for the company are available : Accounts Payable Accounts Receivable Cash Common Stock DividendsEquipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies 34,10012,55015,30061,0902,15099,0002,46060,4008,050106,8007,000
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