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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?

asastring
Jan 18, 2009, 02:19 PM
Same here, Income is given $450, revenues are $2350