The following information was taken from the September finan

The following information was taken from the September financial statements of the Ofelia Corporation. Determine the net dollar amount by which resources increased through management activities in September.

Assets, September 30

$460,000

Common Stock, September 30

$70,000

Dividends, September 1 through September 30

$15,000

Expenses, September 1 through September 30

$140,000

Liabilities, September 30

$330,000

Retained Earnings, September 30

$60,000

Revenues, September 1 through September 30

$190,000

$50,000

$60,000

$70,000

$35,000

Assets, September 30	$460,000
Common Stock, September 30	$70,000
Dividends, September 1 through September 30	$15,000
Expenses, September 1 through September 30	$140,000
Liabilities, September 30	$330,000
Retained Earnings, September 30	$60,000
Revenues, September 1 through September 30	$190,000

Solution

A Dividends, September 1 through September 30 ($15,000) Decrease of resources B Expenses, September 1 through September 30 ($140,000) Decrease of resources C Revenues, September 1 through September 30 $190,000 Increase in resources D=A+B+C Net Increase through management activities $35,000 Answer: d. $35000