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K2 Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of...

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Question

Accounting

K2 Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of $214,000. What are the creditors claims on their assets? (Hint: a "creditor" is someone the company owes money to.)

$1,213,000

$ 565,000

$ 785,000

$1,487,000

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