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Craltin Manufacturing had the following accounts and balances: Accounts payable Equipment Accounts receivable Land $31,600 $35,700 5,350 34,700 Buildings-Unearned service revenue 9,800 Cash 14,800 If the total stockholder's equity is $90,100, what is the balance of the Buildings account? a. $131,150 b. $40,950 c. $34,700 d. $141,150

Craltin Manufacturing had the following accounts and balances: Accounts payable Equipment Accounts receivable Land $31,600 $35,700 5,350 34,700 Buildings-Unearned service revenue 9,800 Cash 14,800 If the total stockholder's equity is $90,100, what is the balance of the Buildings account? a. $131,150 b. $40,950 c. $34,700 d. $141,150

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Craltin Manufacturing had the following accounts and balances: Accounts payable Equipment Accounts receivable Land $31,600 $35,700 5,350 34,700 Buildings-Unearned service revenue 9,800 Cash 14,800 If the total stockholder's equity is $90,100, what is the balance of the Buildings account? a. $131,150 b. $40,950 c. $34,700 d. $141,150
Transcribed Image Text:Craltin Manufacturing had the following accounts and balances: Accounts payable Equipment Accounts receivable Land $31,600 $35,700 5,350 34,700 Buildings-Unearned service revenue 9,800 Cash 14,800 If the total stockholder's equity is $90,100, what is the balance of the Buildings account? a. $131,150 b. $40,950 c. $34,700 d. $141,150
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