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The following information was taken from the financial statements of the Salisbury Company. All dollar amounts are in millions! Assets, 12/31/00 $13,000 Common Stock, 12/31/00
The following information was taken from the financial statements of the Salisbury Company. All dollar amounts are in millions!
Assets, 12/31/00 $13,000
Common Stock, 12/31/00 $1,500
Dividends, 1/1/00-12/31/00 $600
Expenses, 1/1/00-12/31/00 $9,000
Liabilities, 12/31/00 $8,000
Retained Earnings, 1/1/00 $1,100
Retained Earnings 12/31/00 $3,500
Determine the dollar amount of the Company's revenues in 2000.
a. $2,400
b. $3,500
c. $9,600
d. $12,000
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