Question
8. Compute the missing amounts in the table below: Year 1 Year 2 Total assets $62,500 (a) Common stock (b) $12,400 Retained earnings $4,200 $9,400
8. Compute the missing amounts in the table below:
|
| Year 1 | Year 2 |
| Total assets | $62,500 | (a) |
| Common stock | (b) | $12,400 |
| Retained earnings | $4,200 | $9,400 |
| Total liabilities | $31,300 | $18,000 |
| Total liabilities and stockholders equity | $62,500 | $39,800 |
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
3rd Edition
0070054142, 978-0070054141
