Houseal Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 613,250 55,000 machine-hours Processing orders $ 46,170 1,500 orders Inspection $ 146,110 1,900
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On January 1, 2018, the stockholders' equity section of Nance Corporation shows: Common stock ($2 par value) $1,200,000; paid-in capital in excess of par value $2,500,000; and retained earnings $1,000,000.
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