Complete the blanks in the following comparative income statements, statement of share- holders' equity, and balance sheets.
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Complete the blanks in the following comparative income statements, statement of share- holders' equity, and balance sheets.
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ELECBOOKS CORPORATION Income Statements For the Years Ended December 31 2014 2013 $400 Sales and Service Revenues $300 General Operating Expenses 230 200 170 (a) Other Revenue (c) 10 20 180 120 (b) Income Tax Expense 60 40 $ 80 $120 Net Income ELECBOOKS CORPORATION Statement of Shareholders' Equity For the Year Ended December 31, 2014 Contributed Retained Capital Earnings Balances at December 31, 2013 Net Income $400 (e) $ () Dividends Declared (20) Issued Shares 100 Repurchased Shares Balances at December 31, 2014 (d) $ (20) $180 ELECBOOKS CORPORATION Balance Sheet December 31 2014 2013 Assets Total Assets $800 $600 Liabilities & Shareholders' Equity Total Liabilities Shareholders' Equity Contributed Capital Retained Earnings Total Sharcholders' Equity Total Liabilities & Shareholders' Equity $140 $120 (g) 400 (h) 80 $800 $600
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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