Domino, Inc., had the following information reported. From these data, determine the amount of: 1. Capital stock
Question:
Domino, Inc., had the following information reported. From these data, determine the amount of:
1. Capital stock at December 31, 1999.
2. Retained earnings at December 31,2000 3. Revenues for the year 2000 .
![](https://cdn.mathpix.com/cropped/2024_06_21_3f3a663d80d41d3f9137g-152.jpg?height=128&width=258&top_left_y=639&top_left_x=1268)
December 31, 1999 December 31, 2000
\begin{tabular}{|c|c|c|}
\hline Total assets & $\$ 250,000$ & $\$ 300,000$ \\
\hline Total liabilities. & 60,000 & 70,000 \\
\hline Capital stock & $?$ & 50,000 \\
\hline Retained earnings & 150,000 & $?$ \\
\hline Revenues for 2000 . . . . . . . . & & $?$ \\
\hline Expenses for 2000 . . . . . . & & 205,000 \\
\hline Dividends paid during 2000 . & & 5,000 \\
\hline
\end{tabular}
Step by Step Answer:
Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen