Question
The following information was taken from the September financial statements of the Ofelia Corporation. Determine the net dollar amount by which resources increased through management
The following information was taken from the September financial statements of the Ofelia Corporation. Determine the net dollar amount by which resources increased through management activities in September.
| Assets, September 30 | $460,000 |
| Common Stock, September 30 | $70,000 |
| Dividends, September 1 through September 30 | $15,000 |
| Expenses, September 1 through September 30 | $140,000 |
| Liabilities, September 30 | $330,000 |
| Retained Earnings, September 30 | $60,000 |
| Revenues, September 1 through September 30 | $190,000 |
| a. | $50,000 | |
| b. | $60,000 | |
| c. | $70,000 | |
| d. | $35,000 |
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Observation And Audit Techniques For Measuring Retail Sales
Authors: Earl E. Houseman
1st Edition
0428139841, 978-0428139841
