Solution-Find what were the expenses for the year

Find what were the expenses for the year

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Question 1: Rus opened a new corporation last year with a stock contribution of 10,000. The first year of business was a moderate success with revenue of 65,000. Rus also decided to compensate the owners with a dividend of 2,000. Ending retained earnings for the year were 44,000. What were the expenses for the year?

Option 1: $ 31,000

Option 2: $ 29,000

Option 3: $ 41,000

Option 4: $ 51,000

Reference no: EM132542604

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Find what were the expenses for the year

Reference no: EM132542604

Reference no: EM132542604

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