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20) Missing Amounts from Balance Sheet and Income Statement Data One item is omitted from each of the following summaries of balance sheet and income

20) Missing Amounts from Balance Sheet and Income Statement Data

One item is omitted from each of the following summaries of balance sheet and income statement data for the following four different corporations. Enter the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.)

Carbon Krypton Fluorine Radium
Beginning of the year:
Assets $360,400 $407,300 $158,600 $
Liabilities 216,200 211,800 120,500 $197,900
End of the year:
Assets 446,900 570,200 142,700 408,900
Liabilities 194,600 179,200 126,900 224,200
During the year:
Additional issuance of common stock 81,500 15,900 66,000
Dividends 25,200 24,400 96,700
Revenue 118,900 182,300 184,700
Expenses 64,900 105,900 195,100 211,100

3)

Accounting Equation

Campbell Soup Co. (CPB) had the following assets and liabilities (in millions) at the end of Year 1.

Assets $8,113
Liabilities 6,498

a. Determine the stockholders equity of Campbell Soup at the end of Year 1. $ million

b. If assets decreased by $24 million and liabilities increased by $211 million, what was the increase or decrease in stockholders equity for the Year 2? $ million decrease

c. What were the total assets, liabilities, and stockholders equity at the end of Year 2?

Total assets $ million
Total liabilities $ million
Total stockholders' equity $ million

d. Based upon your answer to (c), does the accounting equation balance? Yes

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