FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Cece Company has provided the following data (ignore income taxes):
2016 revenues were $77,500.
2016 net income was $33,900.
Dividends declared and paid during 2016 totaled $5,700.
Total assets at December 31, 2016 were $217,000.
Total
Which of the following is correct?
-
2016 expenses were $37,900
-
Total liabilities at December 31, 2016 were $11,000.
-
Retained earnings increased $28,200 during 2016.
-
Common stock at December 31, 2016 was $206,000.
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