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The following information applies to the questions displayed below.) Beech Corporation is a merchandising company that is preparing a master budget for the third quarter

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The following information applies to the questions displayed below.) Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash 93,000 Accounts receivable 127000 Inventory 45,000 Plant and equipment, net of depreciation 219,000 Total assets 484,000 Liabilities and Stockholders' Equity Accounts payable 80,000 Common stock. 330,000 Retained earnings 74,000 $484,ooo Total liabilities and stockholders' equity

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