Question

Josh's Overhead Doors reports the following financial information:
Assets ........ $ 42,600
Liabilities ..... 17,220
Common Stock ...... 26,240
Dividends ...... 8,500
Revenues ..... 12,080
Expenses ....... ?
Requirements
1. Use the accounting equation to solve for the missing information.
2. Did Josh's Overhead Doors report net income or net loss?


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  • CreatedJune 12, 2015
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