Please Introduction and explanation please and final answer please without plagiarism Which of the following statements about financial statement information is correct?Multiple ChoiceOIf a company has total revenues of $80,000, total expenses of $50,000 and dividends of $10,000, they will have net income of $20,000.OA company with total stockholders' equity of $45,000 and total assets of $75,000 must have total liabilities of $120,000.A company with liabilities of $80,000 and stockholders' equity of $50,000 will have assets of $30,000.OA company with total stockholders' equity of $120,000 and common stock of $75,000 must have total retained earnings of $45,000.

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Description: Please Introduction and explanation please and final answer please without plagiarism Which of the following statements about financial statement information is correct?Multiple ChoiceOIf a company has total revenues of $80,000, total expenses of $50

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Multiple Choice O If a company has total revenues of $80,000, total expenses of $50.000 and dividends of $10,000, they will have net income of $20,000. A company with total stockholders' equity of $45,000 and total assets of $75,000 must have total liabilities of $120,000. O A company with liabilities of $80,000 and stockholders' equity of $50,000 will have assets of $30,000. A company with total stockholders' equity of $120,000 and common stock of $75,000 must have total retained earnings of $45,000.

Multiple Choice O If a company has total revenues of $80,000, total expenses of $50.000 and dividends of $10,000, they will have net income of $20,000. A company with total stockholders' equity of $45,000 and total assets of $75,000 must have total liabilities of $120,000. O A company with liabilities of $80,000 and stockholders' equity of $50,000 will have assets of $30,000. A company with total stockholders' equity of $120,000 and common stock of $75,000 must have total retained earnings of $45,000.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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