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Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income
Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations: Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Ramirez Beginning of the year: Assets Liabilities End of the year: $219,000 $249,700 $96,400 x 131,400 129,800 73,300 $119,300 Assets 271,600 349,600 86,800 246,500 Liabilities 118,300 109,900 77,100 135,200 During the year: Additional issuance of capital stock 49,900 9,600 39,800 Dividends 15,300 15,000 58,300 Revenues 72,200 111,000. 111,300 Expenses 39,400 64,900 118,600 127,200 Feedback Check My Work Freeman: First, determine the change in stockholders' equity from the beginning to the end of the year. Heyward: Rearrange the following equation using the information available: Beginning Stockholders' Equity Investments-Dividends + Revenue Expenses Ending Check My Work
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