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    jah76's Avatar
    jah76 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Sep 4, 2009, 03:25 AM
    I am getting stuck on how to figure out fees earned
    How do I figure out what fees earned are when I only have the following information to go on?

    Total Operating Expenses

    Dividends (negative amount)

    Total Assets

    Accounts Payable

    Capital Stcok

    Payments for expeneses and to creditors. (negative amount)


    Please help, this is my very first assignment and I am already lost! I am expected to "solve" the fees earned, net income, retained earnings, total stocholders equity, total liabilities and equity and cash received from customers only using what was provided above. Any help would be much appreciated!!
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 4, 2009, 06:12 PM

    It's impossible. I suspect you have more information that you are not divulging. And I don't necessarily mean that you have items you are not divulging. i.e. that you also have receivables or some such thing. I mean information. Like dates and other tidbits that might be in the instructions. That is not meaningless information, though students like to ignore it.

    Which means you need to not just list what you think might be relevant.. Copy the entire problem, exactly as it is given.
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