Question: Question 2 1. Fill in the missing amounts which correspond with a letter for each company. Alpha Beta Delta Beginning Assets $78 $30 $2 Liabilities

Question 2 1. Fill in the missing amounts which correspond with a letter for each company. Alpha Beta Delta Beginning Assets $78 $30 $2 Liabilities 47 19 Common shares 1 2 Retained earnings A 10 3 Ending $48 $9 Assets $48 Liabilities 30 G Common shares 6 1 Retained earnings 27 Dividends 3 Income Statement $216 $20 Revenues E $144 Expenses 211 19 9 Net Income C 1 BUSI 1043 INTRODUCTION TO FINANCIAL ACCOUNTING YORKVILLE www.YORKVILLEU.CA ALISE AIND Missing Amount Solution A C D E G At the end of the year, which company has the highest net income? Which company has the highest percentage of net income to revenue? 2. 240

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