Question
Assets = $21,000; Liabilities = ?; Common Stock = $5,100; Revenue = $11,200; Dividends = $800; Beginning Retained Earnings = $3,800; Ending Retained Earnings =
Assets = $21,000; Liabilities = ?; Common Stock = $5,100; Revenue = $11,200; Dividends = $800; Beginning Retained Earnings = $3,800; Ending Retained Earnings = $7,100.
Based on this information, the amount of expenses on Calloway's income statement was
Multiple Choice
$7,100.
$8,900.
$500.
$3,300.
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Financial Accounting
Authors: Jan R. Williams, Susan F. Haka, Mark S. Bettner, Joseph V. Carcello
12th Edition
0071116796, 978-0071116794
