Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $370,000Patents and copyrights $760,000: Accounts payable = $420,000; Accounts receivable
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $370,000Patents and copyrights $760,000: Accounts payable = $420,000; Accounts receivable = $149,000; Tangible net fixed assets = $4,300,000; Inventory = $175,000; Notes payable $190,000; Accumulated retained earnings = $1,185,000; Long-term debt = $1,430,000. What is the common stock account balance for the company? Multiple Choice $2.325,000 $2.733 000 $2.529,000 $2,909,000 $3,071,000
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