Question
Lena Company has provided the following data for its 2019 operations (ignore income taxes): 2019 revenues were $90,000. 2019 expenses were $49,900. Dividends declared and
Lena Company has provided the following data for its 2019 operations (ignore income taxes):
2019 revenues were $90,000.
2019 expenses were $49,900.
Dividends declared and paid during 2019 totaled $9,000.
Total assets at December 31, 2019 were $198,000.
Total liabilities at December 31, 2019 were $131,000.
Common stock at December 31, 2019 was $40,000.
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
