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Determine the Novak stockholders equity on December

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Reference no: EM132850875

Question - Novak Corp. compiled the following financial information as of December 31, 2017:

Service revenue $1165000

Common stock 230000

Equipment 308000

Operating expenses 968000

Cash 284000

Dividends 79000

Supplies 39000

Accounts payable 154000

Accounts receivable 114500

Retained earnings, 1/1/17 566000

Required - Determine the Novak stockholders' equity on December 31, 2017?

Reference no: EM132850875

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