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Calculate Elephant Company total expenses

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Reference no: EM132838711

Question - The following information is provided for Elephant Company:

Revenues for 2024 $350

Net income for 2024 110

Retained earnings at January 1, 2024 140

Retained earnings at December 31, 2024 200

Total liabilities & equity at December 31, 2024 600

Total liabilities at January 1, 2024 60

Total liabilities at December 31, 2024 50

REQUIRED -

(1) Calculate Elephant Company's total expenses for 2024.

(2) Calculate the amount of dividends declared during 2024.

(3) Calculate the amount of Common Stock at December 31, 2024.

(4) Calculate the total assets at January 1, 2024.

Reference no: EM132838711

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