Assume KSHA company's beginning Retained Earnings was $45 and its ending Retained Earnings was $86. In addition, during the year its accounts receivable increased by $2, its owners contributed an additional $10 to increase their ownership stake in the company, it had Expenses of $6 and declared and paid $8 of dividends. Compute the amount of Revenues that KSHA must have earned during the year.

Assume KSHA company's beginning Retained Earnings was $45 and its ending Retained Earnings was $86. In addition, during the year its accounts receivable increased by $2, its owners contributed an additional $10 to increase their ownership stake in the company, it had Expenses of $6 and declared and paid $8 of dividends. Compute the amount of Revenues that KSHA must have earned during the year.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter3: Review Of A Company's Accounting System

Section: Chapter Questions

Problem 9RE: For the current year, Vidalia Company reported revenues of 250,000 and expenses of 225,000. At the...

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