Question
Rus opened a new corporation last year with a stock contribution of 10,000. The first year of business was a moderate success with revenue of
Rus opened a new corporation last year with a stock contribution of 10,000. The first year of business was a moderate success with revenue of 65,000. Rus also decided to compensate the owners with a dividendof 2,000. Ending retained earnings for the year were 44,000. What were the expenses for the year?
$ 31,000
$ 29,000
$ 41,000
$ 51,000
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
