1. Revenues $27,000; Expenses-$18,000; Dividends- $,2000; Accrued Revenues - $4,000; Net income = 2, Increase in stockholders' equity-$20,000; Issuance of common stock - $12,000; Dividends - $5,000; Net income = 3. Assets - $25,000; Liabilities - $13,000; Common Stock - 2,000; Additional Paid-in Capital - 4,000: Stockholders' equity =
1. Revenues $27,000; Expenses-$18,000; Dividends- $,2000; Accrued Revenues - $4,000; Net income = 2, Increase in stockholders' equity-$20,000; Issuance of common stock - $12,000; Dividends - $5,000; Net income = 3. Assets - $25,000; Liabilities - $13,000; Common Stock - 2,000; Additional Paid-in Capital - 4,000: Stockholders' equity =
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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