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Use the Following Information for Questions

Question 83

Multiple Choice

Use the following information for questions.
Financial statements for Kiner Company are given below:
Use the following information for questions. Financial statements for Kiner Company are given below:     Total assets on the statement of financial position at December 31, 2011 are $2,216,000.Accumulated deprecia-tion on the equipment sold was $112,000. -Share capital stock (plus any share premium)  at December 31, 2011 was A) $800,000. B) $920,000. C) $520,000. D) $1,240,000.
Total assets on the statement of financial position at December 31, 2011 are $2,216,000.Accumulated deprecia-tion on the equipment sold was $112,000.
-Share capital stock (plus any share premium) at December 31, 2011 was


A) $800,000.
B) $920,000.
C) $520,000.
D) $1,240,000.

Correct Answer:

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