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Business, 01.11.2019 04:31 Feiee1

Mirr, inc. was incorporated on january 1, year 1, with proceeds from the issuance of $750,000 in stock and borrowed funds of $110,000. during the first year of operations, revenues from sales and consulting amounted to $82,000, and operating costs and expenses totaled $64,000. on december 15, mirr declared a $3,000 cash dividend, payable to stockholders on january 15, year 2. no additional activities affected owners' equity in year 1. mirr's liabilities increased to $120,000 by december 31, year 1. on mirr's december 31, year 1 balance sheet, total assets should be reported at:

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Mirr, inc. was incorporated on january 1, year 1, with proceeds from the issuance of $750,000 in sto...
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