Question
The following information is selected from the balance sheet and income statement for Meagan Inc. Solve for the missing amounts. Year 2018 R/E (beginning) $3,600
The following information is selected from the balance sheet and income statement for Meagan Inc. Solve for the missing amounts.
|
| Year 2018 |
| R/E (beginning) | $3,600 |
| NI | 310 |
| DIV | 78 |
| Current assets (CA) | 5,572 |
| Noncurrent assets | A |
| Total assets (TA) | B |
| Current liabilities (CL) | C |
| Noncurrent liabilities | 4,790 |
| Contributed capital | D |
| R/E (ending) | E |
| Total equity (TE) | 6,282 |
| Total liabilities (TL) + Total equity (TE) | F |
| Working Capital [CA CL] | 1,970 |
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
