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Can I please have help on both of these. if not one of them is fine paid cash dividends ents of the company's 4. During
Can I please have help on both of these. if not one of them is fine
paid cash dividends ents of the company's 4. During 2012, the Hail Company earned $3,700 of cash revenue, paid ca of $750 to owners and paid $930 for cash expenses. Which of the followi accurately describes the effect of these events on the elements of the com financial statements? a. Assets increased by $3,700. b. Equity increased by $1,680. c. Assets increased by $2,020. d. Equity increased by $2,770. 5. At the end of 2012, retained earnings for the Jasper Company was $1,750. Revenue earned by the company in 2008 was $2,000, expenses paid during the period were $1,100, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2012 was a. $850. b. $2,150 c. $1,350. d. $4,000Step by Step Solution
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