Question
Below is some information from the financial statements of Rand Company. 12/31/2015 12/31/2014 Assets $220 million $180 million Liabilities 80 million 50 million During 2015,
Below is some information from the financial statements of Rand Company.
| 12/31/2015 | 12/31/2014 | |
| Assets | $220 million | $180 million |
| Liabilities | 80 million | 50 million |
During 2015, Rand issued $16 million of stock, earned revenues of $64 million, and declared and paid dividends of $4 million. What was the amount of total expenses that Rand recorded during fiscal year 2015?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
