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. Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issuance of capital stock Dividends Revenue Expenses Freeman Heyward Jones $453,700 $521,800 $204,200 Ramirez 272,200 271,300 155,200 $247,100 562,600 730,500 183,800 510,600 245,000 229,600 163,400 280,000 31,800 149,800 104,400 31,300 20,400 82,400 120,800 234,900 230,600 81,700 135,700 251,200 263,500
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