QUESTION 16 The following information was taken from the Apr

QUESTION 16 The following information was taken from the April financial statements of the Marlborough Corporation Assets, April 30 650,000 $90,000 Dividends, April 1 through April 30 25,000 Expenses, April 1 through April 30$160,000 350,000 $195,000 Revenues, April 1 through April 30 S200,000 Liabilities, April 30 Retained Earnings, April 1 Determine the company\'s net resources generated by management during April. a. $40,000 b. $350,000 C. $15,000 o d. $650,000

Solution

Calculate net resources ;
Net resources = Revenue-Expense

= 200000-160000

Net resources = 40000

So answer is a) $40000