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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,481 Accounts Receivable 2,271 Prepaid Expenses 711

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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,481 Accounts Receivable 2,271 Prepaid Expenses 711 Equipment 13,028 Accumulated Depreciation 3,990 Accounts Payable 1,800 Notes Payable 4,627 Common Stock 1,000 Retained Earnings 6,832 Dividends 692 Fees Earned 8,380 Wages Expense 2,816 Rent Expense 859 Utilities Expense 465 Depreciation Expense 237 Miscellaneous Expense 69 Totals 26,629 26,629 Determine the total assets. O a. $26,629 Ob. $17,501 Oc. $7,832 O d. $21,491 The charter of a corporation provides for the issuance of 119,489 shares of common stock. Assume that 36,033 shares were originally issued and 4,120 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared? Oa. $4,120 Ob. $31.913 Oc. $119,489 Od. $36,033 A sales invoice included the following information: merchandise price, $6,500; terms 1/10, n/eom; FOB shipping point with prepaid freight of $389 added to the invoice. Assuming that a credit for merchandise returned of $1,300 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller? a. $6,500 Ob. $5,537 Oc. $1,300 Od. $6,820

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