Choose the TRUE statement.
A) A company with Net Income will also have a cash increase from operating activities.
B) A company with Liabilities of $80,000 and Stockholders' equity of $50,000 will have Assets of $30,000.
C) 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.
D) A company with total stockholders' equity of $120,000 and contributed capital of $75,000 must have total retained earnings of $45,000.
Correct Answer:
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Q129: The amount of beginning retained earnings is
Q130: The unit of measure assumption means that:
A)all
Q131: What was the amount of net income
Q132: What is the amount of retained earnings
Q133: What was the amount of Cash Flows
Q135: What is the amount of retained earnings
Q136: Prepare a balance sheet using these data.
Q137: Based on this information,what was the amount
Q138: Which of the following would be reported
Q139: Which of the following would be reported
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