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The following information was extracted from the accounting records of Borak Company: Paid-in Capital at the beginning of the year Retained Earnings at the beginning
The following information was extracted from the accounting records of Borak Company: Paid-in Capital at the beginning of the year Retained Earnings at the beginning of the year Revenues for the current year Expenses for the current year $90,000 $300,000 $200,000 $120,000 At the end of the period, what is the total amount of stockholders' equity? OA. $390,000 OB. $470,000 OC. $135,000 OD. $90,000 Holiday Company reports the following information on December 31, 2020 Cash What are total assets at December 31, 20207 OA. $162,000 OB. $166,000 OC. $178,000 OD. $180,000 $21000 Accounts receivable: 112.000 Accounts payable 91.000 Accrued wages payable 8000 Paid-in capital 39.000 Retained earnings End 50,000 Inventory 30.000 Prepaid rent 4.000 Equipment 12,300
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