Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For 2016, the Sacramento Corporation had beginning and ending Retained Earnings balances of $170,967 and $207,400 respectively. Also during 2016, the corporation declared and paid

For 2016, the Sacramento Corporation had beginning and ending Retained Earnings balances of $170,967 and $207,400 respectively. Also during 2016, the corporation declared and paid cash dividends of $23,400 and issued stock dividends valued at $14,000. Total expenses were $39,416. Based on this information, what was the amount of total revenue for 2016?

$144,584

$113,249

$99,249

$147,567

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analytics For Auditing Using ACL

Authors: Alvin A. Arens

4th Edition

0912503629, 978-0912503622

More Books

Students also viewed these Accounting questions

Question

a. Did you express your anger verbally? Physically?

Answered: 1 week ago