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
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 $302,900 $351,400 $139,300 181,700 182,700 105,900 $169,000 375,600 492,000 125,400 349,300 163,600 154,600 111,400 191,600 During the year: Additional issuance of capital stock 70,300 13,900 56,300 Dividends 21,200 21,100 82,600 Revenue 99,900 160,300 157,700 Expenses 54,500 91,400 171,300 180,300
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