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    Snoopy500's Avatar
    Snoopy500 Posts: 5, Reputation: 1
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    #1

    Jan 18, 2009, 01:28 PM
    Financial Accounting
    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's Avatar
    asastring Posts: 13, Reputation: 3
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    #2

    Jan 18, 2009, 02:19 PM

    Same here, Income is given $450, revenues are $2350
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