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Kwantum Corporation Has Total Assets of $3,600,000, Common Stock of $936,000

Question 144

Multiple Choice

Kwantum Corporation has total assets of $3,600,000, common stock of $936,000, and retained earnings of $570,000 at December 31, 2022.What are the creditors' claims on their assets at that date?


A) $3,234,000
B) $1,506,000
C) $2,094,000
D) $3,966,000

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