The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $50,000; liabilities = ? ; common stock = $15,000; revenue = $22,000; dividends = $1,500; beginning retained earnings = $3,500; ending retained earnings = $7,500. based on this information, the amount of expenses on calloway's income statement was: a. $27,500.b. $31,500.c. $35,000.d. $42,500.

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income

Consider a consumer who is contemplating a new automobile purchase. she has narrowed her decision down to two brands, honda accord and ford taurus. she has identified gas mileage, price, warranty, and styling to be important attributes to consider in her decision