Question
Asked Jan 12, 2020
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Question 2
1. Fill in the missing amounts which correspond with a letter for each company.
Alpha
Delta
Beta
Beginning
Assets
Liabilities
Common shares
Retained earnings
$78
$30
$2
47
19
2
10
Ending
Assets
Liabilities
Common shares
Retained earnings
Dividends
$48
$9
$48
30
27
2
Income Statement
Revenues
Expenses
Net income
$216
$20
211
$144
19
BUSI 1043 INTRODUCTION TO FINANCIAL ACCOUNTING
O YORKVILLE
UNIVERSITY
www.YORKVILLEU.CA
Missing Amount
Solution
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Question 2 1. Fill in the missing amounts which correspond with a letter for each company. Alpha Delta Beta Beginning Assets Liabilities Common shares Retained earnings $78 $30 $2 47 19 2 10 Ending Assets Liabilities Common shares Retained earnings Dividends $48 $9 $48 30 27 2 Income Statement Revenues Expenses Net income $216 $20 211 $144 19 BUSI 1043 INTRODUCTION TO FINANCIAL ACCOUNTING O YORKVILLE UNIVERSITY www.YORKVILLEU.CA Missing Amount Solution

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Step 1

Income Statement:

 

An income statement is a financial statement prepared by a company to repor...

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