Which of the Following Is Not True About the Financial

question 120

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 31,2013 will show Total Liabilities of $10,500.
• B)The balance sheet at December 31,2013 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.

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