Multiple Choice
Which of the following is not true about the financial statements of Dudley Do-Right Repair Shop?
A) The balance sheet at December 31 will show Total Liabilities of $10,500.
B) The balance sheet at December 31 will show Retained earnings of $68,700.
C) The Income Statement for the year will not include the dividends of $48,000.
D) The Income Statement for the year will show Total Revenue of $175,000.
Correct Answer:
Verified
Correct Answer:
Verified
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