Question: Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement
Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations: Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Ramirez Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional common stock issued Dividends Revenue Expenses $900,000 $490,000 $115,000 360,000 260,000 81,000 $120,000 100,000 80,000 270,000 1,260,000 330,000 675,000 220,000 136,000 10,000 55,000 39,000 115,000 128,000 150,000 75,000 570,000 240,000 32,000 115,000 128,000 122,500 Feedbad Check My Work Freeman: First, determine the change in stockholders equity from the beginning to the end of the year Heyward Rearrange the following equation using the information available: Beginning Stockholders'Equity Investments- Dividends +Revenue-Expenses-Ending st ones: Rearrange the following equation using the information available: Beginning Stockholders'Equity+ Investments - Dividends Revenue-Expenses Ending Stock Ramirez First determine the stockholders equity at year end Leaming Objedtive 5 Check My Work
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