Pinnacle Corporation reported the following information at December 31, 2023: ⚫ Accounts payable: $340,000 • . Dividends paid: $90,000 . Cash: $225,000 • Expenses: $610,000 ⚫ Inventories: $515,000 • Revenue: $750,000 • Equipment: $480,000 Calculate Pinnacle Corporation's total equity at the end of 2023.

Pinnacle Corporation reported the following information at December 31, 2023: ⚫ Accounts payable: $340,000 • . Dividends paid: $90,000 . Cash: $225,000 • Expenses: $610,000 ⚫ Inventories: $515,000 • Revenue: $750,000 • Equipment: $480,000 Calculate Pinnacle Corporation's total equity at the end of 2023.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Comprehensive The following are Farrell Corporations balance sheets as of December 31, 2019, and...

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