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A company reported the following amounts (in thousands) at the end of the first year of operations: Dividends $18 Retained Earnings ??? Common Stock
A company reported the following amounts (in thousands) at the end of the first year of operations: Dividends $18 Retained Earnings ??? Common Stock 190 Total Assets 650 Total Liabilities $215 Revenue ??? Expenses 450 What are the year-end retained earnings and revenue amounts? Retained Earnings = $245 Revenue = $263 Retained Earnings = $245 Revenue = $713 Retained Earnings = $150 Revenue = $618 Retained Earnings = $340 Revenue $150 = Retained Earnings = $618 Revenue = $340
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