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ch 4c - Question 1(1 point A similarity between the balance...

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Question 1    (1 point) A similarity between the balance sheet and the statement of stockholders' equity is that both  Student response: Student Response Answer Choices a. are less important than the income  statement b. are prepared before the income  statement is prepared c. report activity over a period of time d. report retained earnings Score: 1 / 1   Question 2    (1 point) Which of the following must be known in order to determine the organization's total amount of working capital? Current Assets; Long-Term  Student response: Student Response Score: 1 / 1   Question 3    (1 point) Great Confections Inc. had a balance of $200,000 in stockholders' equity at December 31, 2006. During 2007, the company  had a net income of $50,000, distributed dividends of $30,000, and sold $10,000 of additional stock. What was the  company's stockholders' equity at December 31, 2007?  Student response:
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Student Response Score:
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