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What was the amount of expenses reported on calloway

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Reference no: EM132484365

Point 1: The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts:

Assets = $31,000;

Liabilities = ?;

Common Stock = $6,100;

Revenue = $13,200;

Dividends = $1,300;

Beginning Retained Earnings = $4,300;

Ending Retained Earnings = $8,100.

Question 1: What was the amount of expenses reported on Calloway's income statement for the current year?

Reference no: EM132484365

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