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. Enter 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 $325,100 $367,400 $143,000 403,100 Liabilities 195,100 191,000 108,700 $181,400 End of the year: Assets 403,100 514,400 128,700 374,900 Liabilities 175,600 161,700 114,400 205,600 During the year: Additional Issuance of capital stock 72,300 X 73,500 14,300 60,500 Dividends 22,800 22,000 31,400 x 88,700 Revenue 107,300 198,300 X 164,500 169,300 Expenses 58,500 95,500 175,900 193,500 Feedback 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 Stockholders Equity Jones: Rearrange the following equation using the information available: Beginning Stockholders' Equity Investments - Dividends + Revenue - Expenses Ending Stockholders' Equity Ramirez: First determine the stockholders' equity at year end. Learning Objective 5
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