Homework Answers
a) Expenses = Revenue - Net Income
=308,000 - 12,000
=296,000
b) Net Income = 12000 ( given)
d) Ending Retained earnings =Begining Retained earnings - Dividend paid + Net Income
=700,000 -10,000 +12,000
=702,000
e) Retained Earnings = 702,000 [from d) above]
c)Stock=Assets-Liabilities -Retained earnings
=2,800,000 - 1,600,000- 702000
=498,000
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Determine the amounts missing from each financial statement: Company A Company A Company A For the...
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calculate missing amounts
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calculate missing amounts
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