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At December 31, Year 1, the accounting records of Braun Corporation contain the following items:
| Accounts Payable | $ 16,000 | Accounts Receivable | $ 40,000 |
| Land | 240,000 | Cash | ? |
| Capital Stock | ? | Equipment | 120,000 |
| Building | 180,000 | Notes Payable | 190,000 |
| Retained Earnings | 160,000 | | |
If Cash at December 31, Year 1, is $86,000, Capital Stock is:
Multiple Choice
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$260,000.
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$300,000.
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$620,000.
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$168,000.
Answer & Explanation
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