At December 31, 2018, the accounting records of Hercules Manufacturing, Inc. contain the following items:...
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At December 31, 2018, the accounting records of Hercules Manufacturing, Inc. contain the following items: Accounts Payable Land Building Notes Payable Retained Earnings $ 12,000 Accounts Receivable $ 90,000 Cash 250,000 Equipment $ 135,000 Capital Stock Assume that the Equipment shown above was acquired by the business five years ago and has a book value of $156,000, but has a current appraised value of $200,000. Hercules Manufacturing's Retained Earnings at December 31, 2018, amounts to: At December 31, 2018, the accounting records of Hercules Manufacturing, Inc. contain the following items: Attempt due: Mar 31 at 11:59pm 1 Hour, 41 Minutes, 12 Seco $ 30,000 $ 7.000 Accounts Payable Land Building Notes Payable Retained Earnings $ 12,000 Accounts Receivable $ 90,000 Cash 250,000 Equipment $ 135,000 Capital Stock 188,000 Assume that the Equipment shown above was acquired by the business five years ago and has a book value of $156,000, but has a current appraised value of $200,000. Hercules Manufacturing's Retained Earnings at December 31, 2018, amounts to: $533,000 $356,000 $345,000 $198,000
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