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Misra Company Compiled the Following Financial Information as of December

Question 48

Multiple Choice

Misra Company compiled the following financial information as of December 31, 2018:  Revenues $340,000 Retained earnings (1/1/18) 60,000 Equipment 80,000 Expenses 250,000 Cash 90,000 Dividends 20,000 Supplies 10,000 Accounts payable 40,000 Accounts receivable 70,000 Common stock 80,000\begin{array} { l r } \text { Revenues } & \$ 340,000 \\\text { Retained earnings } ( 1 / 1 / 18 ) & 60,000 \\\text { Equipment } & 80,000 \\\text { Expenses } & 250,000 \\\text { Cash } & 90,000 \\\text { Dividends } & 20,000 \\\text { Supplies } & 10,000 \\\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 70,000 \\\text { Common stock } & 80,000\end{array} Misra's stockholders' equity on December 31, 2018 is


A) $90,000.
B) $140,000.
C) $210,000.
D) $250,000.

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