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Determine the missing amounts for each independent case below. Assume the amounts given are at the end of the company's first year of operation. (10
Determine the missing amounts for each independent case below. Assume the amounts given are at the end of the company's first year of operation. (10 points)
Firm | Revenues | Asset | Expenses | Liabilities | Net Income | Share. Equity | Contributed Capital | Dividends | Retained Earnings |
Sons | 20 | 80 | 12 | ? | ? | 40 | ? | 2 | ? |
Canes |
| 50 | 18 | 20 | 12 |
|
| ? | 8 |
**beginning balance for Retained Earnings is 10.
Sons Liabilities = ______________
Sons Net Income = ______________
Sons Contributed Capital = ______________
Change in Sons Retained Earnings = ______________
Canes Dividend = ______________
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