Missing information for determining revenue
Total stockholders’ equity of Davis Company increased by $42,250 between December 31,2011, and December 31, 2012. During 2012 Davis acquired $15,000 cash from the issue of common stock. The company paid a $2,500 cash dividend to the stockholders during 2012. Total expenses during 2012 amounted to $18,000.
Required
Determine the amount of revenue that Davis reported on its 2012 income statement. (Hint: Remember that stock issues, net income, and dividends all change total stockholders’ equity.)
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.