Solution-Explain amount of total expenses

Explain amount of total expenses

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Below is some information from the financial statements of Rand Company.

12/31/2015 12/31/2014
Assets $220 million $180 million
Liabilities 80 million 50 million

During 2015, Rand issued $16 million of stock, earned revenues of $64 million, and declared and paid dividends of $4 million. What was the amount of total expenses that Rand recorded during fiscal year 2015?

Reference no: EM133239817

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Explain amount of total expenses

Reference no: EM133239817

Reference no: EM133239817

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