Business, 04.01.2020 03:31 jessv01

Madrid company has provided the following data (ignore income taxes):

2014 revenues were $77,500.
2014 net income was $33,900.
dividends declared and paid during 2014 totaled $5,700.
total assets at december 31, 2014 were $217,000.
total stockholders' equity at december 31, 2014 was $123,000.
retained earnings at december 31, 2014 were $83,000.

which of the following is not correct?
a. 2014 expenses were $43,600.
b. total liabilities at december 31, 2014 were $94,000.
c. retained earnings increased $33,900 during 2014.
d. common stock at december 31, 2014 was $40,000.

Answers: 3

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Madrid company has provided the following data (ignore income taxes):

2014 revenues wer...