Elston Company compiled the following financial information as of December 31, 2017: Service revenue Common stock...
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Elston Company compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash 240,000 780,000 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 150,000 Accounts receivable 360,000 Retained earnings, 1/1/17 450,000 Elston's retained earnings on December 31, 2017 are: $570,000. O $120,000. $60,000. $900,000 180,000 $510,000. Elston Company compiled the following financial information as of December 31, 2017: Common stock Service revenue $180,000 740,000 Equipment 240,000 Operating expenses 670,000 Cash 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 40,000 Accounts receivable 200,000 Retained earnings, 1/1/17 450,000 Elston's 2017 net income is: $280,000. O $70,000. $160,000. O $10,000. Elston Company compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends 60,000 Supplies 30,000 Accounts payable 150,000 Accounts receivable 360,000 Retained earnings, 1/1/17 450,000 Elston's total assets on December 31, 2017 are: O $1,740,000. $450,000. O $1,020,000. $900,000 180,000 240,000 780,000 210,000 $840,000. Elston Company compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash 240,000 780,000 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 150,000 Accounts receivable 360,000 Retained earnings, 1/1/17 450,000 Elston's retained earnings on December 31, 2017 are: $570,000. O $120,000. $60,000. $900,000 180,000 $510,000. Elston Company compiled the following financial information as of December 31, 2017: Common stock Service revenue $180,000 740,000 Equipment 240,000 Operating expenses 670,000 Cash 210,000 Dividends 60,000 Supplies 30,000 Accounts payable 40,000 Accounts receivable 200,000 Retained earnings, 1/1/17 450,000 Elston's 2017 net income is: $280,000. O $70,000. $160,000. O $10,000. Elston Company compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends 60,000 Supplies 30,000 Accounts payable 150,000 Accounts receivable 360,000 Retained earnings, 1/1/17 450,000 Elston's total assets on December 31, 2017 are: O $1,740,000. $450,000. O $1,020,000. $900,000 180,000 240,000 780,000 210,000 $840,000.
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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