Use the following information for questions.
Financial statements for Bernard Corp. are presented below: BERNARD CORP. Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-The balance in the Common Shares account at December 31, 2020 was
A) $ 260,000.
B) $ 400,000.
C) $ 460,000.
D) $ 620,000.

Question

Use the following information for questions.
Financial statements for Bernard Corp. are presented below:  BERNARD CORP.  Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-The balance in the Common Shares account at December 31, 2020 was
A) $ 260,000. 
B) $ 400,000. 
C) $ 460,000. 
D) $ 620,000.

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The Answer of Use the following information for questions.
Financial statements for Bernard Corp. are presented below:  BERNARD CORP.  Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-The balance in the Common Shares account at December 31, 2020 was
A) $ 260,000. 
B) $ 400,000. 
C) $ 460,000. 
D) $ 620,000.

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