Question
Assume that retained earnings increased by $67228 from June 30 of year 1, to June 30 of year 2. A cash dividend of $2321 was
Assume that retained earnings increased by $67228 from June 30 of year 1, to June 30 of year 2. A cash dividend of $2321 was declared and paid during the year. The firm sold Capital Stock for $10,000 in cash during the year. Assume expenses for the year were $45197. Compute the revenue for the year.
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
