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= The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $21,000; Liabilities = ?; Common Stock $5,100;
= The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $21,000; Liabilities = ?; Common Stock $5,100; Revenue = $11,200; Dividends $800; Beginning Retained Earnings $3,800; Ending Retained Earnings = $7,100. Based on this information, the amount of expenses on Calloway's income statement was = Multiple Choice $7,100. $500. $8,900. $3,300.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
