Solved: Bravo company experienced a total increase in stockholders, Accounting Basics

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Bravo company experienced a total increase in stockholders

Question - Bravo Company experienced a total increase in stockholders' equity of $24,000 during the current year. Stockholders' equity was increased by additional issuances of $50,000 capital stock during the year. No dividends were paid. Expenses incurred during the year were $115,000. How much was Bravo's revenue for the year?

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Accounting Basics: Bravo company experienced a total increase in stockholders

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