7.On January 1, 2012, two individuals invested $200,000 each to form Reiner Corporation had total...
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7.On January 1, 2012, two individuals invested $200,000 each to form Reiner Corporation had total revenues of $20.000 during 2012 and $50.000 during 2013 Total expenses for the same periods were $12,000 and $36,000 respectively. Cash dividends paid out to stockholders totaled $6,000 in 2012 and $10,000 in 2013. What was Reiner's total stockholders' equity at the end of 2012 and 2013? A) $402,000 and $406,000 respectively B) $8,000 and $14,000 respectively. C) $8,000 and $22,000 respectively. D) $402,000 and $404,000 respectively. in h a nden en n aynenses of $140,000, and an
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