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QUESTION 48 During 2016 Austin Company had a decrease in assets of $200 and a decrease in liabilities of $800. No additional shares of common

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QUESTION 48 During 2016 Austin Company had a decrease in assets of $200 and a decrease in liabilities of $800. No additional shares of common stock were issued during 2016. Cash dividends declared and paid during 2016 were $100. If expenses for 2016 were $800, total revenues were: . $1,300 $700 C 5800 $1.200 E. None of the above

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