For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate them in the order in which they appear.) Case 1 Case 2 Revenues $125,600 $Enter a dollar amount. E Expenses Enter a dollar amount. A 167,100 Net earnings 44,800 90,200 Dividends declared Enter a dollar amount. B 18,300 Retained earnings: Beginning of year 252,000 311,100 End of year 284,900 Enter a dollar amount. F Total assets: Beginning of year 362,200 593,500 End of year Enter a dollar amount. C 752,300 Total Liabilities: Beginning of year 9,900 229,400 End of year 441,500 289,800 Common shares: Beginning of year 100,300 53,000 End of year 150,450 Enter a dollar amount. G Proceeds from common shares issued during the year Enter a dollar amount. D Enter a dollar amount. H
For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate them in the order in which they appear.) Case 1 Case 2 Revenues $125,600 $Enter a dollar amount. E Expenses Enter a dollar amount. A 167,100 Net earnings 44,800 90,200 Dividends declared Enter a dollar amount. B 18,300 Retained earnings: Beginning of year 252,000 311,100 End of year 284,900 Enter a dollar amount. F Total assets: Beginning of year 362,200 593,500 End of year Enter a dollar amount. C 752,300 Total Liabilities: Beginning of year 9,900 229,400 End of year 441,500 289,800 Common shares: Beginning of year 100,300 53,000 End of year 150,450 Enter a dollar amount. G Proceeds from common shares issued during the year Enter a dollar amount. D Enter a dollar amount. H
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter1: Accounting As A Form Of Communication
Section: Chapter Questions
Problem 1.5E: The Accounting Equation Using the accounting equation, answer each of the following independent...
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For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate them in the order in which they appear.)
Case 1 | Case 2 | |||||
---|---|---|---|---|---|---|
Revenues
|
$125,600 | $Enter a dollar amount. | E | |||
Expenses
|
Enter a dollar amount. | A | 167,100 | |||
Net earnings
|
44,800 | 90,200 | ||||
Dividends declared
|
Enter a dollar amount. | B | 18,300 | |||
Retained earnings:
|
||||||
Beginning of year
|
252,000 | 311,100 | ||||
End of year
|
284,900 | Enter a dollar amount. | F | |||
Total assets:
|
||||||
Beginning of year
|
362,200 | 593,500 | ||||
End of year
|
Enter a dollar amount. | C | 752,300 | |||
Total Liabilities:
|
||||||
Beginning of year
|
9,900 | 229,400 | ||||
End of year
|
441,500 | 289,800 | ||||
Common shares:
|
||||||
Beginning of year
|
100,300 | 53,000 | ||||
End of year
|
150,450 | Enter a dollar amount. | G | |||
Proceeds from common shares issued during the year
|
Enter a dollar amount. | D | Enter a dollar amount. | H |
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