Two items are omitted from each of the following summaries of balance sheet and income statement data

Question:

Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 1996, Kate Cordova, Inc., and Maxim Enterprises.

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\section*{Instructions}
Determine the missing amounts.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:02 AM

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Two items are omitted from each of the following summaries of balance sheet and income statement data

Question:

Beginning of year: Total assets Total liabilities Total stockholders' equity Kate Cordova, Inc. $ 90,000 Maxim Enterprises $130,000 80,000 (c) (a) 95,000 Total assets 160,000 180,000 Total liabilities 120,000 50,000 Total stockholders' equity 40,000 130,000 End of year:

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Financial Accounting

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