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Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute

Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Loss amounts should be indicated with a minus sign.)image text in transcribed

value: 1.00 points Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Coss amounts should be indicated with a minus sign.) Total Total Total Total Stockholders' Independent Net Income Equity Revenues Cases (Loss) Assets Liabilities Expenses A 120,000 87,000 160,000 75,000 B 85,000 14,500 122,000 75,000 c 114,000 31,000 85,000 93,500 Do 22,500 27,000 55,000 82,000 E 86,000 33,000 (8,500) 78,000

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