Business
Business, 27.09.2019 02:30, a897coleman

Mag, inc.'s december 31, year 5 unadjusted current assets and stockholders' equity sections are as follows: current assets: cash $ 15,000 investments in marketable equity securities (including $75,000 of mag, inc. common stock) 100,000 trade accounts receivable 85,000 inventories 37,000 total $237,000 stockholders' equity: common stock $556,000 retained earnings (deficit) (56,000) total $500,000 the investments and inventories are reported at their costs, which approximate market values. mag's stockholders' equity at december 31, year 5, should be

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