Question
The following information was taken from the December financial statements of the Kristin Corporation. Determine the dollar amount of the company's total resources at the
| Assets, December 31 | $460,000 |
| Common Stock, December 31 | $70,000 |
| Dividends, December 1 through December 31 | $15,000 |
| Expenses, December 1 through December 31 | $140,000 |
| Liabilities, December 31 | $330,000 |
| Retained Earnings, December 31 | $60,000 |
| Revenues, December 1 through December 31 | $190,000 |
| a. | $130,000 |
| b. | $50,000 |
| c. | $330,000 |
| d. | $460,000 |
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
