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What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000? a) $52,000 b) $45,000 c) $98,000 d) $81,000 If a company's total assets are $500,000, total liabilities are $300,000, and common stock is $100,000 and $25,000 quarterly dividend payment, what is the amount of retained earnings? a) $50,000 b) $127,000 c) $150,000 d) $200,000

What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000? a) $52,000 b) $45,000 c) $98,000 d) $81,000 If a company's total assets are $500,000, total liabilities are $300,000, and common stock is $100,000 and $25,000 quarterly dividend payment, what is the amount of retained earnings? a) $50,000 b) $127,000 c) $150,000 d) $200,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000? a) $52,000 b) $45,000 c) $98,000 d) $81,000 If a company's total assets are $500,000, total liabilities are $300,000, and common stock is $100,000 and $25,000 quarterly dividend payment, what is the amount of retained earnings? a) $50,000 b) $127,000 c) $150,000 d) $200,000
Transcribed Image Text:What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000? a) $52,000 b) $45,000 c) $98,000 d) $81,000 If a company's total assets are $500,000, total liabilities are $300,000, and common stock is $100,000 and $25,000 quarterly dividend payment, what is the amount of retained earnings? a) $50,000 b) $127,000 c) $150,000 d) $200,000
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