
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Prepare a 2018 balance sheet for Rogers Corporation based on the following
information: Cash = $360,000; Patents and copyrights = $670,000; Accounts payable=
$350,000; Accounts receivable $149,000; Tangible net fixed assets = $3,700,000;
Inventory $285,000; Notes payable= $170,000; Accumulated retained earnings =
$1,235,000; Long-term debt = $1,930,000. What is the common stock account balance.
for the company?
Multiple Choice
$1,881,000
$1,724,000
$1,819,000
24476000
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