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Missing Amounts from Balance Sheet and Income Statement Data One item is omitted from each of the following summaries of balance sheet and income statement
Missing Amounts from Balance Sheet and Income Statement Data
One item is omitted from each of the following summaries of balance sheet and income statement data for four different corporations.
Determine the amounts of the missing items. (Suggestion: First determine the amount of increase or decrease in stockholders' equity during the year.)
Carbon | Krypton | Fluorine | Radium | ||||||||||
Beginning of the year: | |||||||||||||
Assets | $333,000 | $250,000 | $100,000 | $ | |||||||||
Liabilities | 118,000 | 130,000 | 76,000 | 120,000 | |||||||||
End of the year: | |||||||||||||
Assets | 495,000 | 350,000 | 90,000 | 248,000 | |||||||||
Liabilities | 160,000 | 110,000 | 80,000 | 136,000 | |||||||||
During the year: | |||||||||||||
Additional issuance of capital stock | 50,000 | 10,000 | 40,000 | ||||||||||
Dividends | 7,500 | 16,000 | 60,000 | ||||||||||
Revenue | 90,000 | 115,000 | 112,000 | ||||||||||
Expenses | 39,000 | 64,000 | 122,500 | 128,000 |
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