Question
The following information will be used for two questions on the exam. The following accounts appeared on the trial balance of Plague Incorporated at December
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The following information will be used for two questions on the exam.
The following accounts appeared on the trial balance of Plague Incorporated at December 31, 2020. Assume that the number below is a debit or credit balance if the account normally has a debit or credit balance and add or subtract accordingly for the total. Using this information, answer the question below:
Accounts Receivable 62,208 Accumulated Other Comprehensive Income 49,194 Accumulated Depreciation - Bldg. 93,960 Additional Paid-in Capital 19,656 Allowance for Doubtful Accts. 936 Bonds Payable Due 1/1/2028 144,000 Buildings 231,120 Cash 20,430 Common Stock 135,000 Copyrights 23,148 Debt Investments (long-term) 33,768 Income Taxes Payable 18,720 Interest Payable 684 Inventory 189,630 Land 55,800 Notes Payable (maturing on 3/1/21) 23,040 Notes Receivable (maturing on 6/15/21) 16,560 Preferred Stock 90,000 Prepaid Insurance (maturing 8/1/21) 6,750 Retained Earnings 73,440 Salaries and Wages Payable 4,104 Supplies 4,536 Trading Securities 8,784 What is Plague Incorporated's total stockholders' equity to be shown on the December 31, 2020 balance sheet?
$380,880
$283,554
$325,080
$72,702
$307,530
$192,960
$95,742
$307,962
$367,290
$318,096
$291,402
$42,444
None of the other answer choices is correct.
$298,440
$46,548
$347,634
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