Total stockholders' equity of Davis Company increased by ($ 42,250) between December 31, 2011, and December 31,
Question:
Total stockholders' equity of Davis Company increased by \(\$ 42,250\) between December 31, 2011, and December 31, 2012. During 2012 Davis acquired \(\$ 15,000\) cash from the issue of common stock. The company paid a \(\$ 2,500\) cash dividend to the stockholders during 2012. Total expenses during 2012 amounted to \(\$ 18,000\).
Required
Determine the amount of revenue that Davis reported on its 2012 income statement. (Remember that stock issues, net income, and dividends all change total stockholders'equity.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: