Only question 3 and 4 (4) What were total assets on the company's June 30, 2008, balance sheet?OFocuswordsEnglish (United States)AI&$%#34この* 00* LOB Use the following information for USA Movers, Inc. for the year ended June 30, 2009 to answer thefollowing questions. Assume that the shareholders made no new contributions (no capital stock wasissued) to the company during the year, ending June 30, 2009.Revenues for the year ended June 30, 2009 =Net income for the year ended June 30, 2009 = $110Beginning balance (June 30, 2008 balance) in retained earnings = $140Ending balance (June 30, 2009, balance) in retained earnings = $200Total liabilities and shareholders' equity at June 30, 2009 = $600Total liabilities at June 30, 2008 = $60Total liabilities at June 30, 2009 = $50$350Questions:(1) What were USA Movers' total expenses during the year ended June 30, 2009?O FocusEnglish (United States)A

In this question, we are require to calculate total expenses during the year ended June 30,2009 and…

Use the following information for USA Movers, Inc. for the year ended June 30, 2009 to answer the following questions. Assume that the shareholders made no new contributions (no capital stock was issued) to the company during the year, ending June 30, 2009. Revenues for the year ended June 30, 2009 = $350 Net income for the year ended June 30, 2009 = $110 Beginning balance (June 30, 2008 balance) in retained earnings = $140 Ending balance (June 30, 2009, balance) in retained earnings = $200 Total liabilities and shareholders' equity at June 30, 2009 = $600 Total liabilities at June 30, 2008 = $60 Total liabilities at June 30, 2009 = $50 Questions: (1) What were USA Movers' total expenses during the year ended June 30, 2009?

Use the following information for USA Movers, Inc. for the year ended June 30, 2009 to answer the following questions. Assume that the shareholders made no new contributions (no capital stock was issued) to the company during the year, ending June 30, 2009. Revenues for the year ended June 30, 2009 = $350 Net income for the year ended June 30, 2009 = $110 Beginning balance (June 30, 2008 balance) in retained earnings = $140 Ending balance (June 30, 2009, balance) in retained earnings = $200 Total liabilities and shareholders' equity at June 30, 2009 = $600 Total liabilities at June 30, 2008 = $60 Total liabilities at June 30, 2009 = $50 Questions: (1) What were USA Movers' total expenses during the year ended June 30, 2009?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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