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Question 6 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Bates Corporation and Wilson Enterprises,
Question 6 The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Bates Corporation and Wilson Enterprises, are presented below for 2017. Bates Corporation Beginning of year Total assets $110,000 Wilson Enterprises $130,000 Total liabilities End of year 80,000 (d) Total stockholders' equity (a) 70,000 Total assets (b) 190,000 Total liabilities 120,000 65,000 Total stockholders' equity Changes during year in retained 70,000 (e) earnings Dividends Total revenues Total expenses Instructions (c) 225,000 165,000 5,000 (f) 80,000 Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings.
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