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If a balance sheet has common stock value listed at $3,000,000.00 with a $0.20 par...

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Finance

If a balance sheet has common stock value listed at $3,000,000.00 with a $0.20 par value, we can derive the total number of common shares is equal to

$600,000.00

$15,000,000.00

$60,000,000.00

$150,000.00

A business has revenues of $130,200 and total expenses of $44,000. What is net income (or loss)?

$86,200 net income

$174,200 net income

$86,200 loss

$174,200 loss

$130,200 net income

A business has total assets of $155,000 and total liabilities of $35,000. What is the equity?

($120,000)

$190,000

($190,000)

$120,000

$155,000

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