Question
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 corpo 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: $268,000 $302,800 $123,300 160,800 157,500 93,700 $145,900 Assets Liabilities 332,300 423,900 111,000 301,600 144,700 133,200 98,600 165,400 During the year: Additional common stock issued 60,600 12,300 48,600 Dividends 18,800 18,200 71,300 Revenue 88,400 141,900 136,200 Expenses 48,200 78,700 151,700 155,700
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
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