Snoopy500
Jan 18, 2009, 01:28 PM
Income statement:
Revenues= ?
Expenses= $1,900
Net income= ?
Statement of retained earnings:
Beginning balance= $200
Net income= $450
Less Dividends= $100
Ending balance= $550
Total assets= $1,900
Liabilities= $1,300
Stockholders' Equity:
Common stock= $50
Retained earnings= $550
Total Liabilities and stockholder equity= $1,900
Can you please help me find the revenues and net income?
Revenues= ?
Expenses= $1,900
Net income= ?
Statement of retained earnings:
Beginning balance= $200
Net income= $450
Less Dividends= $100
Ending balance= $550
Total assets= $1,900
Liabilities= $1,300
Stockholders' Equity:
Common stock= $50
Retained earnings= $550
Total Liabilities and stockholder equity= $1,900
Can you please help me find the revenues and net income?