You are interviewing for an entry-level financial analyst position with Wayne Industries. Bruce Wayne, the senior...

 

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You are interviewing for an entry-level financial analyst position with Wayne Industries. Bruce Wayne, the senior partner, wants to be sure all the people he hires are very familiar with basic accounting principles. He gives you the following data and asks you to fill in the missing information. Each column is an independent case. Month and day reference are for the current year. Case A Case B Revenues 200,000 70,000 Expenses Net Income Retained Earnings, Jan 1 300,000 100,000 Dividends Paid 70,000o 30,000 Retained Earnings, Dec 31 270,000 Current Assets, Dec 31 80,000 Noncurrent Assets, Dec 31 180,000 Total Assets, Dec 31 410,000 Current Liabilities, Dec 31 40,000 60,000 Noncurrent Liabilities, Dec 31 Total Liabilities, Dec 31 140,000 CS and Capital in Excess of Par, Dec 31 Total Stockholders' Equity, Dec 31 520,000 100,000 210,000 You are interviewing for an entry-level financial analyst position with Wayne Industries. Bruce Wayne, the senior partner, wants to be sure all the people he hires are very familiar with basic accounting principles. He gives you the following data and asks you to fill in the missing information. Each column is an independent case. Month and day reference are for the current year. Case A Case B Revenues 200,000 70,000 Expenses Net Income Retained Earnings, Jan 1 300,000 100,000 Dividends Paid 70,000o 30,000 Retained Earnings, Dec 31 270,000 Current Assets, Dec 31 80,000 Noncurrent Assets, Dec 31 180,000 Total Assets, Dec 31 410,000 Current Liabilities, Dec 31 40,000 60,000 Noncurrent Liabilities, Dec 31 Total Liabilities, Dec 31 140,000 CS and Capital in Excess of Par, Dec 31 Total Stockholders' Equity, Dec 31 520,000 100,000 210,000

Answer rating: 100% (QA)

In Case A the calculation of missing information So the Equation be like Ending retain earnings Begi... View the full answer