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The following information was taken from the financial statements of the Kokomo Company. All dollar amounts are in millions! Revenues, 1/1/02-12/31/02 $17,000 Liabilities, 12/31/02 $8,000
The following information was taken from the financial statements of the Kokomo Company. All dollar amounts are in millions!
Revenues, 1/1/02-12/31/02 | $17,000 |
Liabilities, 12/31/02 | $8,000 |
Retained Earnings, 1/1/02 | $2,000 |
Retained Earnings 12/31/02 | $5,000 |
Assets, 12/31/02 | $19,000 |
Common Stock, 12/31/02 | $6,000 |
Dividends, 1/1/02-12/31/02 | $1,000 |
Determine the dollar amount of the Company's expenses in 2002.
a. | $14,000 | |
b. | $13,000 | |
c. | $12,000 | |
d. | $15,000 |
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