ACCT 201-The year-end financial statements of Calloway

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ACCT 201-The year-end financial statements of Calloway

The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $36,000; Liabilities = ?; Common Stock = $6,600; Revenue = $14,200; Dividends = $1,550; Beginning Retained Earnings = $4,550; Ending Retained Earnings = $8,600. 9. Required information Based on this information, the amount of expenses on Calloway’s income statement was$4,050.$8,600.$17,200.$10,150. 10. Required information The amount of liabilities reported on the end-of-period balance sheet was$13,150.$24,850.$11,150.$20,800.

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ACCT 201-The year-end financial statements of Calloway

ACCT 201-The year-end financial statements of Calloway

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