Revenue earned $410,000 Cash received from customers 300,000 Expenses incurred in the purchase of ingredients 250,000 Depreciation incurred during the year 700 Cash paid for miscellaneous expenses incurred in the year 2015 120,000
Based on the accrual basis of accounting, Elanke‘s net income for the year is __________.
$159,300 $39,300 $339,300 $459,300
A company issues 100,000 shares at $50 per share. It has a debtequity ratio of 2:1. If the company announces a 3-for-1 stock split, what will be the result?