Business, 09.10.2019 19:10 sarahandlara200

United, inc.'s unadjusted current assets section and equity section of its december 31, year 1, balance sheet are as follows: current assetscash & n bsp; & n bsp; $ 60,000investment in trading securities (including$300,000 of united, inc. common stock) 400,000trade accounts receivable 340,000inventories 148,000total 948,000equitycommon stock & nbsp; & nbsp; & nbsp; & nbsp; 2,224,000retained earnings (deficit) & nb sp; & nb sp; (224,000)total & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; 2,000,000the investments and inventories are reported at their costs, which approximate fair values. in its year 1 statement of equity, united's total amount of equity at december 31, year 1, isa. $2,000,000b. $1,924,000c. $2,224,000d $1,700,000

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United, inc.'s unadjusted current assets section and equity section of its december 31, year 1, bala...

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