Question
Listed below is information related to the account of Jasper Company: Case 1 Case 2 Case 3 Total assets, end of period $60,000 $...................... $90,000
Listed below is information related to the account of Jasper Company:
Case 1 Case 2 Case 3
Total assets, end of period $60,000 $...................... $90,000
Total liabilities, end of period ................... 20,000 30,000
Common stock, end of period 20,000 25,000 25,000 Retained earnings, beginning of period 25,000 20,000 30,000
Net income for the period 10,000 5,000 ...............
Dividend for the period 3,000 5,000 4,000
Required
Fill in the blank with the appropriate dollar amount
Ans.
Case 1 Total liabilities, end of period
Case 2 Total assets, end of period
Case 3 Net income, for the period
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