Based on the following data and assuming that the common stock account balance is $48,000, what...

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Based on the following data and assuming that the common stock account balance is $48,000, what is the balance in retained ea

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Answer 1

Answer #1

Your required answer is option C i.e. $100,000

Explanation:

Liabilities $ Assets Accounts Payable $62,000 Accounts Receivable Bonds Payable $500,000 Cash Notes Payable $56,000 Inventory

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Answer 2

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