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Obviously ive gotten the first 4, which was easy but Im having a hard time getting the last two The summaries of data from the
Obviously ive gotten the first 4, which was easy but Im having a hard time getting the last two
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Colaw Corporation and Hunter Enterprises, are presented below for 2014. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Colaw Corporation Hunter Enterprtoea Beginning of year Total assets $114,830 $158,990 Total liabilities 60,100 90,350 Total stockholders' equity 54,730 68,640 End of year 163,980 189,540 Total assets 110,440 58,110 Total liabilities 53,540 131,430 Total stockholders' equity 210,800 4,980 Changes during year in retained earnings Dividends 4,980 Total revenues 210,800 Total expenses 163,600 79,770 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Colaw Corporation and Hunter Enterprises, are presented below for 2014. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Colaw Corporation Hunter Enterprtoea Beginning of year Total assets $114,830 $158,990 Total liabilities 60,100 90,350 Total stockholders' equity 54,730 68,640 End of year 163,980 189,540 Total assets 110,440 58,110 Total liabilities 53,540 131,430 Total stockholders' equity 210,800 4,980 Changes during year in retained earnings Dividends 4,980 Total revenues 210,800 Total expenses 163,600 79,770Step by Step Solution
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