Cardinal Corporation reported the following information at December 31, 2012:
$\begin{array}{llll}
\text { Accounts payable } & \$ 400,000 & \text { Dividends paid } & \$ 100,000 \
\text { Cash } & \$ 100,000 & \text { Expenses } & \$ 600,000 \
\text { Inventories } & \$ 700,000 & \text { Revenue } & \$ 750,000
\end{array}$

Question

Cardinal Corporation reported the following information at December 31, 2012:
 $\begin{array}{llll}
\text { Accounts payable } & \$ 400,000 & \text { Dividends paid } & \$ 100,000 \
\text { Cash } & \$ 100,000 & \text { Expenses } & \$ 600,000 \
\text { Inventories } & \$ 700,000 & \text { Revenue } & \$ 750,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Cardinal Corporation reported the following information at December 31, 2012:
 $\begin{array}{llll}
\text { Accounts payable } & \$ 400,000 & \text { Dividends paid } & \$ 100,000 \
\text { Cash } & \$ 100,000 & \text { Expenses } & \$ 600,000 \
\text { Inventories } & \$ 700,000 & \text { Revenue } & \$ 750,000
\end{array}$

Cardinal Corporation Reported the Following Information at December 31, 2012