Question
Presented here is information for Novak Corp. for 2017. Retained earnings, January 1 $192,400 Service revenue 592,000 Total expenses 259,000 Dividends 96,200 Calculate the net
Presented here is information for Novak Corp. for 2017.
| Retained earnings, January 1 | $192,400 | |
| Service revenue | 592,000 | |
| Total expenses | 259,000 | |
| Dividends | 96,200 |
Calculate the net income.
#1. Net income : $__________________
#2. Prepare the 2017 retained earnings statement for Novak Corp.. (List items that increase retained earnings first.)
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Auditing Philosophy And Technique
Authors: John William Cook
1st Edition
039520660X, 978-0395206607
