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Question 5 Fatima Company compiled the following financial information as of December 31, 2021: Revenues $140,000 Common stock 45,000 Equipment 40,000 Accumulated depreciation on
Question 5 Fatima Company compiled the following financial information as of December 31, 2021: Revenues $140,000 Common stock 45,000 Equipment 40,000 Accumulated depreciation on equipment 15,000 Expenses 60,000 Cash 35,000 Dividends 20,000 Supplies 5,000 Accounts payable Accounts receivable Retained earnings, 1/1/21 20,000 15,000 50,000 Fatima's stockholders' equity on December 31, 2021 is: $105,000 PO4 b. $140,000 $60,000 $155,000 d.
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