Blue Spruce Corp.compiled the following financial information as of December 31, 2022: Service revenue $840000 Common stock 190000 Equipment 254000 Operating expenses 727000 Cash 205000 Dividends 64000 Supplies 30000 Accounts payable 109000 Accounts receivable 90000 Retained earnings, 1/1/22 451000 Blue's stockholders' equity on December 31, 2022 is: O $731000. O $660000. O $481000. O $690000.
Blue Spruce Corp.compiled the following financial information as of December 31, 2022: Service revenue $840000 Common stock 190000 Equipment 254000 Operating expenses 727000 Cash 205000 Dividends 64000 Supplies 30000 Accounts payable 109000 Accounts receivable 90000 Retained earnings, 1/1/22 451000 Blue's stockholders' equity on December 31, 2022 is: O $731000. O $660000. O $481000. O $690000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Blue Spruce Corp.compiled the following financial information as of December 31, 2022:
Service revenue
$840000
Common stock
190000
Equipment
254000
Operating expenses
727000
Cash
205000
Dividends
64000
Supplies
30000
Accounts payable
109000
Accounts receivable
90000
Retained earnings, 1/1/22
451000
Blue's stockholders' equity on December 31, 2022 is:
O $731000.
O $660000.
O $481000.
O $690000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fffa8e7a6-282d-4c93-a023-609a8a093a1e%2F4cd4d4f8-e819-4e65-9301-c7d0120d3979%2Fbh443ws_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Blue Spruce Corp.compiled the following financial information as of December 31, 2022:
Service revenue
$840000
Common stock
190000
Equipment
254000
Operating expenses
727000
Cash
205000
Dividends
64000
Supplies
30000
Accounts payable
109000
Accounts receivable
90000
Retained earnings, 1/1/22
451000
Blue's stockholders' equity on December 31, 2022 is:
O $731000.
O $660000.
O $481000.
O $690000.
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