What is the amount of revenue for 2018 of Company A? A C December 31, 2017 Assets 7,000,000 5,000,000 4,500,000 8,000,000 3,800,000 8,250,000 Liabilities 3,000,000 6,150,000 December 31, 2018 Assets 4,900,000 2,600,000 12,500,000 6,400,000 9,000,000 Liabilities ? 7,200,000 During 2018 Owner's Equity Additional investments 600,000 1,000,000 200,000 3,810,000 1,800,000 Drawings 450,000 Income Statement Revenues 8,600,000 5,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000
What is the amount of revenue for 2018 of Company A? A C December 31, 2017 Assets 7,000,000 5,000,000 4,500,000 8,000,000 3,800,000 8,250,000 Liabilities 3,000,000 6,150,000 December 31, 2018 Assets 4,900,000 2,600,000 12,500,000 6,400,000 9,000,000 Liabilities ? 7,200,000 During 2018 Owner's Equity Additional investments 600,000 1,000,000 200,000 3,810,000 1,800,000 Drawings 450,000 Income Statement Revenues 8,600,000 5,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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