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Determine the revenues for the year ending on December

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Reference no: EM133049269

Question - The following information was taken from the records of Henry Harsel Corporation for the month ended September 30, 2018:

TOTALS

January 1

December 31

Current Assets

$5,000

$10,000

All other assets

$150,000

$150,000

Liabilities

$25,000

$30,000

Common stock

$50,000

$65,000

Retained earnings

?

?

If additional data: Total expenses for the year were $35,000; Dividends paid during the year were $8,000.

Using the information provided above, determine the revenues for the year ending on December 31.

a. $22,000

b. $37,000

c. $28,000

d. $16,000

Reference no: EM133049269

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