Sam Mehdi has received financial statements for this year through June 30th. His year-to-date total liabilities are $732,000. His stocks are shown as $400,000 and his retained earnings are $106,000. Year-to-date revenues are $702,498 and year-to-date expenses are $618,207. What is the total value of Sam’s temporary equity accounts as of June 30th?

$1,320,705

$1,102,498

$506,000

$ 84,291

Answer rating: 100% (QA)

Answer 506000 Cal... View the full answer