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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 statement
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 $434,100 $507,900 $182,300 Liabilities 260,500 264,100 138,500 $236,400 End of the year: Assets 538,300 711,100 164,100 488,500 Liabilities 234,400 223,500 145,800 267,900 During the year: Additional issuance of capital stock 101,600 18,200 78,800 Dividends 30,400 30,500 115,600 Revenue 143,300 209,700 220,600 Expenses 78,100 132,100 224,200 252,100
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