Question: CALCULATOR FULL SCREEN PRINTER VERSION BAC Multiple Choice Question 84 The income statement for the year 2020 of Riverbed Co. contains the following information: Revenues
CALCULATOR FULL SCREEN PRINTER VERSION BAC Multiple Choice Question 84 The income statement for the year 2020 of Riverbed Co. contains the following information: Revenues $71700 Expenses: Salaries and Wages Expense $43700 Rent Expense 11800 Advertising Expense 10200 Supplies Expense Utilities Expense 2400 Insurance Expense 1800 Total expenses 76400 Net income (loss) $ (4700) 6500 At January 1, 2020, Riverbed reported owner's equity of $50800. Owner drawings for the year totalled $10900. At December 31, 2020, the company will report owner's equlty of $35200. $39900. 525800 $46100
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