Question
One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations: Determine
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. Beginning of the year: Assets Liabilities End of the year: Freeman Heyward Jones Ramirez $205,600 $240,600 $88,400 123,400 125,100 67,200 $113,800 Assets 254,900 336,800 79,600 235,200 Liabilities 111,000 105,900 70,700 129,000 During the year: Additional issuance of capital stock 48,100 8,800 37,900 Dividends 14,400 14,400 55,600 Revenue 67,900 101,700 106,200 Expenses 37,000 62,600 108,700 121,400 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. Beginning of the year: Assets Liabilities End of the year: Freeman Heyward Jones Ramirez $205,600 $240,600 $88,400 123,400 125,100 67,200 $113,800 Assets 254,900 336,800 79,600 235,200 Liabilities 111,000 105,900 70,700 129,000 During the year: Additional issuance of capital stock 48,100 8,800 37,900 Dividends 14,400 14,400 55,600 Revenue 67,900 101,700 106,200 Expenses 37,000 62,600 108,700 121,400
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