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Each of the following independent companies is missing numerical data. Required: Use your knowledge of the financial statement equations and their interrelationships to fill in
Each of the following independent companies is missing numerical data. Required: Use your knowledge of the financial statement equations and their interrelationships to fill in the missing amounts. Company Vanilla Co. Chocolate, Inc. Strawberry Co. Total Revenues $ 60,800 30,800 Total Expenses 104,000 10,400 Net Income (Loss) $ 20,400 (28,400) Total Assets 131,600 60,800 Total Liabilities $ Shareholder's Equity 33,800 $ 40,400 66,800 38,800
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