Reference no: EM132945155
The following information was taken from the records of Henry Harsel Corporation for the month ended September 30, 2018:
TOTALS January 1 December 31
Current Assets $5,000 $10,000
All other assets $150,000 $150,000
Liabilities $25,000 $30,000
Common stock $50,000 $65,000
Retained earnings ? ?
If additional data:
Total expenses for the year were $35,000; Dividends paid during the year were $8,000.
Problem 1: Using the information provided above, determine the revenues for the year ending on December 31.
Option 1: $22,000
Option 2: $37,000
Option 3: $28,000
Option 4: $16,000
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