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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
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 $502,900 $583,400 $226,300 abilities 301,700 303,400 172,000 $273,800 End of the year: Assets 623,600 816,800 203,700 565,900 Labilities 271,600 256,700 181,000 310,300 During the year: Additional Issuance of capital stock 116,700 22,600 91,300 Dividends 35,200 35,000 133,900 Revenue 165,900 260,300 255,600 Expenses 90,500 151,700 278,300 292,100
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