For Year 2, the Sacramento Corporation had beginning and ending Retained Earnings balances of 5145,900...

50.1K

Verified Solution

Question

Accounting

image
For Year 2, the Sacramento Corporation had beginning and ending Retained Earnings balances of 5145,900 and $192,400, rospectively, Also during Yeat 2. the board of directors declared cash dividends of $16,400, which were paid during Year 2 . The board also declared o stock dividend, whlich was is5ued and required a transfer in the amount of $13,000 to paid-in capital. Total expenses during Year 2 were $34,416. Eased on this information, what was the amount of total revenue for Year 2? Multiple cholce 5141,584 597316 5129,500 5110,316

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students