Question

At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable...

At December 31, 2018, the accounting records of Braun Corporation contain the following items:

Accounts Payable $ 15,000 Accounts Receivable $ 38,000
Land $ 238,000 Cash ?
Capital Stock ? Equipment $ 118,000
Building $ 178,000 Notes Payable $ 188,000
Retained Earnings $ 158,000

If Capital Stock is $258,000, what is the December 31, 2018 cash balance?

Multiple Choice

  • $47,000.

  • $619,000.

  • $93,000.

  • $85,000.

If Capital Stock is $318,000, total assets of Braun Corporation at December 31, 2018, amount to:

Multiple Choice

  • $103,000.

  • $717,000.

  • $679,000.

  • $917,000.

If Cash at December 31, 2018, is $84,000, Capital Stock is:

Multiple Choice

  • $611,000.

  • $257,000.

  • $295,000.

  • $166,000.

If Cash at December 31, 2018, is $24,000, total owners' equity is:

Multiple Choice

  • $158,000.

  • $393,000.

  • $361,000.

  • $596,000.

If Cash at December 31, 2018, is $64,000, total assets amount to:

Multiple Choice

  • $636,000.

  • $651,000.

  • $598,000.

  • $794,000.

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