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Question - Bonita Company compiled the following ?nancial information as of December 31, 2018:
Revenues $347000
Retained earnings (1/1/18) 61100
Equipment 79800
Expenses 248500
Cash 89200
Dividends 19400
Supplies 10200
Accounts payable 39100
Accounts receivable 70700
Common stock 80400
Bonita's stockholders' equity on December 31, 2018 is
$141500.
$220600.
$259400.
$98500.
Assume a company has an accounts receivable on its books that is denominated in a foreign currency. Would company buy a put option or a call option
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Determine the percentage of assets that were provided by retained earnings. How much cash is in the retained earnings account?
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