FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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M Corporation compiled the following information on December, 2021
8,40,000
1,90,000
Service Revenue
Common Stock
Equipment
Operating Expense
Cash
Dividends
254000
7,27,000
2,05,000
64,000
30,000
1,09,000
90,000
Retained Earmings (01/01/20210) 4,51,000
Supplies
Accounts Payable
Accounts receivable
Calculate M Corporation's Shareholder's Equity on December 31, 2021:
$690,000
$660,000
$481000
$731000
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Transcribed Image Text:M Corporation compiled the following information on December, 2021 8,40,000 1,90,000 Service Revenue Common Stock Equipment Operating Expense Cash Dividends 254000 7,27,000 2,05,000 64,000 30,000 1,09,000 90,000 Retained Earmings (01/01/20210) 4,51,000 Supplies Accounts Payable Accounts receivable Calculate M Corporation's Shareholder's Equity on December 31, 2021: $690,000 $660,000 $481000 $731000
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