The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash$1400? Accounts Receivable$950? Dividends 700? Common Stock 1175? Land 1000? Revenue 1000? Accounts Payable 550? Expense 650? Retained earnings 1975? What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1?
A. $3350.
B. $4350.
C. $4050.
D. $2400.
Answer: A
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