Question
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Oriole Corporation and Pharoah Enterprises, are presented below
The summaries of data from the balance sheet, income statement, and retained earnings statement for two corporations, Oriole Corporation and Pharoah Enterprises, are presented below for 2022. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Oriole Corporation Pharoah Enterprises Beginning of year Total assets $125,000 $155,000 Total liabilities 79,000 (d) enter a dollar amount Total stockholders' equity (a) enter a dollar amount 67,000 End of year Total assets (b) enter a dollar amount 190,000 Total liabilities 130,000 63,000 Total stockholders' equity 89,000 (e) enter a dollar amount Changes during year in retained earnings Dividends (c) enter a dollar amount 5,900 Total revenues 234,000 (f) enter a dollar amount Total expenses 167,500 79,000 Attempts: 0 of 1 used
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