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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 2: Accounting for Accruals and Deferrals
  5. Question
    The Following Account Balances Were Drawn from the Year 1
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The Following Account Balances Were Drawn from the Year 1

Question 25

Question 25

Multiple Choice

The following account balances were drawn from the Year 1 financial statements of Grayson Company:
The following account balances were drawn from the Year 1 financial statements of Grayson Company:   What is the balance of the Common Stock account? A) $15,400 B) $19,900 C) $900 D) $20,800
What is the balance of the Common Stock account?


A) $15,400
B) $19,900
C) $900
D) $20,800

Correct Answer:

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