Business, 03.03.2020 06:14 rudondo4747

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:
Freeman Heyward Jones Ramirez
Beginning of the year:
Assets $900,000 $490,000 $115,000 ?
Liabilities 360,000 260,000 81,000 $120,000
End of the year:
Assets 1,260,000 675,000 100,000 270,000
Liabilities 330,000 220,000 80,000 136,000
During the year:
Additional common-
stock issued ? 150,000 10,000 55,000
Dividends 75,000 ? 16,500 39,000
Revenue 570,000 235,000 ? 115,000
Expenses 240,000 128,000 122,500 128,000

Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year.

Answers: 2

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Missing Amounts from Balance Sheet and Income Statement Data:
One item is omitted in each of...

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