Which of the following statements about financial statement information is correct?
A) 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.
B) A company with total stockholders' equity of $45,000 and total assets of $75,000 must have total liabilities of $120,000.
C) A company with liabilities of $80,000 and stockholders' equity of $50,000 will have Assets of $30,000.
D) A company with total stockholders' equity of $120,000 and common stock of $75,000 must have total retained earnings of $45,000.
Correct Answer:
Verified
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A)the assets,liabilities,and stockholders' equity
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