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THE FOLLOWING INFORMATION IS TO BE USED WITH THE REST OF THE QUESTIONS ON THIS PAGE OF THE QUIZ ABC Company has the following end

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THE FOLLOWING INFORMATION IS TO BE USED WITH THE REST OF THE QUESTIONS ON THIS PAGE OF THE QUIZ ABC Company has the following end of period account balances: - Accounts payable: $50,000 - Accounts receivable: $30,000 - Accumulated depreciation: $180,000 - Buildings and equipment: $400,000 - Cash: $30,000 - Common stock: $90,000 - Cost of goods sold expense: $240,000 - Depreciation expense: $10,000 - Dividends: $40,000 - Inventory: $50,000 - Long-term notes payable: $90,000 - Prepaid expenses: $20,000 - Retained earnings (beginning balance): $80,000 - Service revenue: $350,000 - Unearned revenue: $40,000 - Wage expense 60,000 Calculate ending retained earnings. Calculate total current liabilities. Calculate total stockholders' equity. Answer: Calculate total liabilities and stockholders' equity

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