Amounts of the assets and liabilities of David Austin Realty Company, as of January 31, 2016, are

Question:

Amounts of the assets and liabilities of David Austin Realty Company, as of January 31, 2016, are as follows. Also included are revenue, expense, and selected stockholders' equity figures for the year ended on that date (amounts in millions):
Amounts of the assets and liabilities of David Austin Realty

Requirements
1. Prepare the income statement of David Austin Realty Company for the year ended January 31, 2016.
2. What amount of dividends did David Austin Realty Company declare during the year ended January 31, 2016? (Hint: Prepare a statement of retained earnings.)

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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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