Assume KSHA company's beginning Retained Earnings was $45 and its ending Retained Earnings was $86. In addition, during the year its accounts receivable increased by $2, its owners contributed an additional $10 to increase their ownership stake in the company, it had Expenses of $6 and declared and paid $8 of dividends. Compute the amount of Revenues that KSHA must have earned during the year.
Assume KSHA company's beginning Retained Earnings was $45 and its ending Retained Earnings was $86. In addition, during the year its accounts receivable increased by $2, its owners contributed an additional $10 to increase their ownership stake in the company, it had Expenses of $6 and declared and paid $8 of dividends. Compute the amount of Revenues that KSHA must have earned during the year.
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 1BCRQ
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![Assume KSHA company's beginning Retained Earnings was $45 and its ending
Retained Earnings was $86. In addition, during the year its accounts receivable
increased by $2, its owners contributed an additional $10 to increase their
ownership stake in the company, it had Expenses of $6 and declared and paid $8
of dividends. Compute the amount of Revenues that KSHA must have earned
during the year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb078f95-c364-4102-9b43-5fb5b7c96c85%2F3f33d946-2b7f-4462-b066-f23f451accc5%2Fb5a9g0d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume KSHA company's beginning Retained Earnings was $45 and its ending
Retained Earnings was $86. In addition, during the year its accounts receivable
increased by $2, its owners contributed an additional $10 to increase their
ownership stake in the company, it had Expenses of $6 and declared and paid $8
of dividends. Compute the amount of Revenues that KSHA must have earned
during the year.
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