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The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $37000: Liabilities Common Stock - $6,700; Revenue = $14,400;

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The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $37000: Liabilities Common Stock - $6,700; Revenue = $14,400; Dividends - $1,600; Beginning Retained Earnings - $4,600Ending Retained Earnings - $8.700. Based on this information, the amount of expenses on Calloway's Income statement was Multiple Choice $8,700. Prex 1 of 25 !! Next >

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