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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 $470,600 $531,800 $211,800 Liabilities 282,400 276,500 161,000 $262,600 End of the year: Assets 583,500 744,500 190,600 542,700 Liabilities 254,100 234,000 169,400 297,600 During the year: Additional issuance of capital stock 106,400 21,200 87,500 Dividends 32,900 31,900 128,400 Revenue 155,300 243,600, 245,200 Expenses 84,700 138,300 260,500 280,100
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