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Determine the common stock for Bertinelli Corp. based on the following information: cash = $240,000; patents...

Determine the common stock for Bertinelli Corp. based on the following information: cash = $240,000; patents and copyrights = $650,000; accounts payable = $460,000; accounts receivable = $159,000; tangible net fixed assets = $3,000,000; inventory = $275,000; notes payable = $170,000; accumulated retained earnings = $1,355,000; long-term debt = $1,730,000. Multiple Choice $609,000 $949,000 $373,000 $1,211,000 $845,000

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Cash Patents and copyrights Accounts receivable Tangible net fixed assets Inventory Total assets 240,000 650,000 159,000 3,000,000 275,000 4,324,000 4 6 Accounts payable Notes payable Long term debt Total external liabilities 460,000 170,000 1,730,000 2,360,000 10 12 13 14 15 16 17 18 Total Equity 1,964,000 Accumulated retained earnings Common stock 1,355,000 609,000Cash Patents and copyrights Accounts receivable Tangible net fixed assets Inventory Total assets 240000 650000 159000 3000000 275000 SUM(C2:C6) 4 8 Accounts payable Notes payable Long term debt Total external liabilities 460000 170000 1730000 SUM(C9:C11) 10 12 13 Total Equity C7-C12 15 Accumulated retained earnings Common stock 1355000 -C14-C16 17 18 19 20

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