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Financial Information Assignment

Author:
February 19th, 2020
Benedict Company compiled the following financial information as of December 31, 2022: Service revenue $1,120,000 Common stock 240,000 Equipment Salaries and wages expense 320,000 400,000 100,000 Rent expense Depreciation expense 500,000 Cash 280,000 80,000 40,000 160,000 Dividends Supplies Accounts payable Accounts receivable 120,000 600,000 Retained eamings, 1/1/2022 Benedict's total stockholders' equity at December 31, 2022 is OA. $960,000. B. $640,000 C. $840,000 D.$880,000. .

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