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: Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Ramirez Beginning of the year: Assets $475,600 $537,400 $214,000 Liabilities 285,400 279,400 162,600 $267,500 End of the year: Assets 589,700 752,400 192,600 552,900 Liabilities 256,800 236,500 171,200 303,200 During the year Additional issuance of capital stock 107,500 21,400 89,200 Dividends 33.300 32,200 130,800 157,000 246,000 249,700 Revenue 85,600 139,700 263,200 285,400 Expenses

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: Determine the missing amounts. Hint: First determine the amount of increase or decrease in stockholders' equity during the year. Freeman Heyward Jones Ramirez Beginning of the year: Assets $475,600 $537,400 $214,000 Liabilities 285,400 279,400 162,600 $267,500 End of the year: Assets 589,700 752,400 192,600 552,900 Liabilities 256,800 236,500 171,200 303,200 During the year Additional issuance of capital stock 107,500 21,400 89,200 Dividends 33.300 32,200 130,800 157,000 246,000 249,700 Revenue 85,600 139,700 263,200 285,400 Expenses

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 20E

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