The following information is available from previously prepared budgets for the month of January January Cash $105,000 Accounts Receivable 149,000 Raw Materials Inventory 12,000 17,000 Finished Goods Inventory Equipment 128,000 Accumulated Depreciation Equipment 11,000 Accounts Payable 51,000 Common Stock 47,000 Previous period's ending balance in Retained Earnings is $104,000. No dividends are expected to be declared or paid OA. $198,000 B. $451,000 C. $302,000 OD. $349,000 CITS

The following information is available from previously prepared budgets for the month of January January Cash $105,000 Accounts Receivable 149,000 Raw Materials Inventory 12,000 17,000 Finished Goods Inventory Equipment 128,000 Accumulated Depreciation Equipment 11,000 Accounts Payable 51,000 Common Stock 47,000 Previous period's ending balance in Retained Earnings is $104,000. No dividends are expected to be declared or paid OA. $198,000 B. $451,000 C. $302,000 OD. $349,000 CITS

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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