Fatima Company compiled the following financial information as of December 31, 2013: Revenues $140,000 Common...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Fatima Company compiled the following financial information as of December 31, 2013: Revenues $140,000 Common Stock 45,000 Equipment 40,000 Accumulated depreciation on equipment 15,000 Expenses 60,000 Cash 35,000 Dividends 20,000 Supplies 5,000 Accounts payable 20,000 Accounts receivable 15,000 Retained earnings, 1/1/13 50,000 Fatimas stockholders equity on December 31,2013 is:
a. $105,000
b. $140,000
c. $60,000
d. $155,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
