Domino, Inc., had the following information reported. From these data, determine the amount of: 1. Capital stock

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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}

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Related Book For  book-img-for-question

Survey Of Accounting

ISBN: 9780538846172

1st Edition

Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen

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