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At December 31, 2015, the Accounting Records of Farmer Corporation

Question 70

Multiple Choice

At December 31, 2015, the accounting records of Farmer Corporation contain the following: At December 31, 2015, the accounting records of Farmer Corporation contain the following: If Cash is $26,000, what is the December 31, 2015 capital stock balance? A) $272,000 B) $240,000 C) $220,000 D) $400,000 If Cash is $26,000, what is the December 31, 2015 capital stock balance?


A) $272,000
B) $240,000
C) $220,000
D) $400,000

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