Question: preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $142,287; patents and copyrights = $624,541; accounts payable = $218,626;
preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $142,287; patents and copyrights = $624,541; accounts payable = $218,626; accounts receivable = $129,953; tangible net fixed assets = $1.7 million; inventory = $281,800; notes payable = $147,269; accumulated retained earnings = $1.4 million; long-term debt = $680,045. What must be the amount of Common Stock on this balance sheet?
(round answer to nearest dollar amount)
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