Question: PLEASE SHOW YOUR WORK Exercise 1-11 Two items are omitted from each of the following summaries of balance sheet and income statement data for two
PLEASE SHOW YOUR WORK
Exercise 1-11 Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2019, Skysong, Inc. and Concord Enterprises. Determine the missing amounts. Skysong, Inc. Concord Enterprises Beginning of year: Total assets $106,700 $141,900 Total liabilities 93,500 59,400 (c) Total stockholders' equity 13,200 (a) 82,500 End of year: Total assets Total liabilities Total stockholders' equity Changes during year in stockholders' equity: 176,000 132,000 44,000 198,000 55,000 143,000 Additional investment (b) 27,500 Dividends 26,400 (d) Total revenues 236,500 192,500 110,000 60,500 Total expenses
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