Retained earnings at the beginning and ending of the accounting period were $650 and $1,400, respectively. revenues of $2,500 and dividends paid to stockholders of $550 were reported during the period. what was the amount of expenses reported for the period?

The amount of expenses reported for the period is $1,200

Explanation:

For computing the amount of expense, we have to apply the formula which is shown below:

Ending retained earning balance = Beginning retained earning balance + revenues earned - cash dividend paid - expenses incurred

$1,400 = $650 + $2,500 - $550 - expenses incurred

$1,400 = $2,600 - expenses incurred

So, the expenses incurred would be

= $2,600 - $1,400

= $1,200

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.