Finding Revune Example Clarification I need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on here Revenue UNKOWN Expenses $6000 Dividends declared $3000 RE 1/1 $8000 12/31 $9000 9000=8000+(Rev-6000)-3000 This then is converted to the following to find Revenue Revenue=9000-8000+3000+6000 Why does 8000 turn negative and 3000 and 6000 turn positive?
Finding Revune Example Clarification I need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on here Revenue UNKOWN Expenses $6000 Dividends declared $3000 RE 1/1 $8000 12/31 $9000 9000=8000+(Rev-6000)-3000 This then is converted to the following to find Revenue Revenue=9000-8000+3000+6000 Why does 8000 turn negative and 3000 and 6000 turn positive?
Chapter1: Financial Statements And Business Decisions
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Finding Revune Example Clarification
I need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on here
Revenue UNKOWN
Expenses $6000
Dividends declared $3000
RE 1/1 $8000
12/31 $9000
9000=8000+(Rev-6000)-3000
This then is converted to the following to find Revenue
Revenue=9000-8000+3000+6000
Why does 8000 turn negative and 3000 and 6000 turn positive?
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