FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Mukh

Vik Incorporated has the following information: opening retained earnings $65,000, revenues for the year $42,000, dividends
declared of $15,000, and closing retained earnings of $67,000. What was the amount of expenses for the year?
O $65,000
O $25,000
O $29,000
O $55,000
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Transcribed Image Text:Vik Incorporated has the following information: opening retained earnings $65,000, revenues for the year $42,000, dividends declared of $15,000, and closing retained earnings of $67,000. What was the amount of expenses for the year? O $65,000 O $25,000 O $29,000 O $55,000
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