Brown Corporation reported the following amounts at the end of the first year of operations, December...
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Brown Corporation reported the following amounts at the end of the first year of operations, December 31, 20A: share capital $20,000; sales revenue $95,000; total assets $85,000, no dividends, and total liabilities $35,000. What would shareholders equity and total expenses be? Shareholders' equity, S80,000 and expenses $85,000. Shareholders' equity, $50,000 and expenses $65,000. Shareholders' equity, $60,000 and expenses $75,000. Shareholders' equity, $80,000 and expenses $40,000. Brown Corporation reported the following amounts at the end of the first year of operations, December 31, 20A: share capital $20,000; sales revenue $95,000; total assets $85,000, no dividends, and total liabilities $35,000. What would shareholders equity and total expenses be? Shareholders' equity, S80,000 and expenses $85,000. Shareholders' equity, $50,000 and expenses $65,000. Shareholders' equity, $60,000 and expenses $75,000. Shareholders' equity, $80,000 and expenses $40,000.
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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