Marilu Company began the year with stockholders' equity of $30,000. During the year, Marilu issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000. If Marilu’s ending stockholders' equity was $92,000, what was the company’s revenue for the year? explain process to getting revenue
Marilu Company began the year with stockholders' equity of $30,000. During the year, Marilu issued additional shares of stock in exchange for cash of $42,000, recorded expenses of $120,000, and paid dividends of $8,000. If Marilu’s ending stockholders' equity was $92,000, what was the company’s revenue for the year? explain process to getting revenue
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...
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