Solution-Determine the revenues for the year ending on

Determine the revenues for the year ending on December

Reference no: EM133049269

Question - 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.

Using the information provided above, determine the revenues for the year ending on December 31.

a. $22,000

b. $37,000

c. $28,000

d. $16,000

Reference no: EM133049269

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Determine the revenues for the year ending on December

Reference no: EM133049269

Reference no: EM133049269

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