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ework Saved Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases
ework Saved Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Loss amounts should be indicated with a minus sign.) Independent Cases A Net Income (Loss) Stockholders Equity B Total Total Revenues Expenses $ 126,000 $ 90,000 88,000 88,000 98,000 58,000 89,000 16,000 Total Total Assets Liabilities $ 166,000 $ 78,000 128,000 120,000 34,000 30,000 81,000 78,000 D 24,000 (5,000) 85,000 36,000 E
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