Question: oping 202 Dr. Ariail Student Name: Aadi Aadi Date: Chapter 1 *1. Which of the following items would be an example of revenue? A. cash

oping 202 Dr. Ariail Student Name: Aadi Aadi Date: Chapter 1 *1. Which of the following items would be an example of revenue? A. cash investments made by owners B. cash received from a bank loan C. cash received from customers for services provided D. all of these Hardin Company began operations in 2010. During the year, th 1. issued stock for $40,000 2. borrowed $24,000 from bank wided services to customers for $53,000 cash. ... the bank VU Trom customers for services provided D. all of these Hardin Company began operations in 2010. During the year, the following ca 1. issued stock for $40,000 2. borrowed $24,000 from bank 3. provided services to customers for $53,000 cash 4. paid back $8,000 of the loan from the bank 5. paid rent expense, $9,000 6. purchased equipment costing $19,000 7. paid operating expenses, $29,000 8. paid $4,000 dividend to stockholders *2. Assuming that Hardin engaged in no transactions during the year above, what was the amount of net income or loss for the year? A. $19,000 net income R$15 000 net income
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
