Question

If Henry and Kate's Company has $300,000 of sales revenue, pays $50,000 in dividends, and has net income of $100,000, how much were the expenses for the year?

Answer 1

$205,000

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Stockholders' equity = ($300,000 - $180,000) + ($375,000 - $240,000) - $50,000.

Step-by-step explanation:

SE = (Total Assets - Total Liabilities) + (Revenues - Expenses) - Dividends