Applying Interrelations of Financial Statements Fill in the missing amounts, a through t, for each of the three separate companies. Note: All amounts relate to the current year unless indicated as a prior year amount. Case 1 Net income Retained earnings, December 31, current year Retained earnings, December 31, prior year Dividends Common stock, December 31 Total stockholders' equity, December 31 Other comprehensive income Accumulated other comprehensive income, December 31,prior year Accumulated other comprehensive income, December 31,current year Comprehensive income Total assets, December 31 Total assets, excluding cash, December 31 Total liabilities, December 31 Cash, December 31, prior year Cash, December 31, current year Change in cash Check (a) (b) (c) (d) (e) (f) (g) $28,000 (h)$ 30,000 ✓ 10,000 8,000 x(i) 112,000 (j) X 3,000 2,000 x (k) 204,000 ✓ 194,000 (1) 92,000 5,000 10,000 (m) 5,000 ✓ Case 2 125,000 ✓ 870,000 (n) 780,000 35,000 (0) X 1,300,000 ✓ 0 (p) 0 0 (q) X 2,200,000 2,135,000 ✓ 900,000 (r) 75,000 (s) 65,000 (t) (10,000) Case 3 $90,000 254,500 150,000 480,000 2,500 103,000 880,000 825,000 55,000 ✓ 10,000
Applying Interrelations of Financial Statements Fill in the missing amounts, a through t, for each of the three separate companies. Note: All amounts relate to the current year unless indicated as a prior year amount. Case 1 Net income Retained earnings, December 31, current year Retained earnings, December 31, prior year Dividends Common stock, December 31 Total stockholders' equity, December 31 Other comprehensive income Accumulated other comprehensive income, December 31,prior year Accumulated other comprehensive income, December 31,current year Comprehensive income Total assets, December 31 Total assets, excluding cash, December 31 Total liabilities, December 31 Cash, December 31, prior year Cash, December 31, current year Change in cash Check (a) (b) (c) (d) (e) (f) (g) $28,000 (h)$ 30,000 ✓ 10,000 8,000 x(i) 112,000 (j) X 3,000 2,000 x (k) 204,000 ✓ 194,000 (1) 92,000 5,000 10,000 (m) 5,000 ✓ Case 2 125,000 ✓ 870,000 (n) 780,000 35,000 (0) X 1,300,000 ✓ 0 (p) 0 0 (q) X 2,200,000 2,135,000 ✓ 900,000 (r) 75,000 (s) 65,000 (t) (10,000) Case 3 $90,000 254,500 150,000 480,000 2,500 103,000 880,000 825,000 55,000 ✓ 10,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Applying Interrelations of Financial Statements
Fill in the missing amounts, a through t, for each of the three separate companies.
Note: All amounts relate to the current year unless indicated as a prior year amount.
Case 1
Net income
Retained earnings, December 31, current year
Retained earnings, December 31, prior year
Dividends
Common stock, December 31
Total stockholders' equity, December 31
Other comprehensive income
Accumulated other comprehensive income, December 31,prior year
Accumulated other comprehensive income, December 31,current year
Comprehensive income
Total assets, December 31
Total assets, excluding cash, December 31
Total liabilities, December 31
Cash, December 31, prior year
Cash, December 31, current year
Change in cash
Check
(a)
(b)
(c)
(d)
(e)
(f)
$28,000 (h)$
30,000 ✓
10,000
8,000
x(i)
112,000 (j)
X
3,000
2,000
x (k)
204,000✔
194,000 (1)
92,000
5,000
10,000 (m)
5,000 ✓
Case 2
125,000 ✓
870,000 (n)
780,000
35,000 (0)
X
1,300,000 ✓
0 (p)
0
0
X
2,200,000
2,135,000 ✓
(q)
900,000 (r)
75,000 (s)
65,000✔ (t)
(10,000)
Case 3
$90,000
X
254,500
x
150,000
480,000
x
2,500
X
103,000
880,000
825,000
X
X
55,000 ✓
10,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a1ebc89-7a55-4de3-87ee-e06ecdf9c8e0%2Fc3758a00-d97b-48c8-8f0f-d741f795668b%2F687wu5n_processed.png&w=3840&q=75)
Transcribed Image Text:Applying Interrelations of Financial Statements
Fill in the missing amounts, a through t, for each of the three separate companies.
Note: All amounts relate to the current year unless indicated as a prior year amount.
Case 1
Net income
Retained earnings, December 31, current year
Retained earnings, December 31, prior year
Dividends
Common stock, December 31
Total stockholders' equity, December 31
Other comprehensive income
Accumulated other comprehensive income, December 31,prior year
Accumulated other comprehensive income, December 31,current year
Comprehensive income
Total assets, December 31
Total assets, excluding cash, December 31
Total liabilities, December 31
Cash, December 31, prior year
Cash, December 31, current year
Change in cash
Check
(a)
(b)
(c)
(d)
(e)
(f)
$28,000 (h)$
30,000 ✓
10,000
8,000
x(i)
112,000 (j)
X
3,000
2,000
x (k)
204,000✔
194,000 (1)
92,000
5,000
10,000 (m)
5,000 ✓
Case 2
125,000 ✓
870,000 (n)
780,000
35,000 (0)
X
1,300,000 ✓
0 (p)
0
0
X
2,200,000
2,135,000 ✓
(q)
900,000 (r)
75,000 (s)
65,000✔ (t)
(10,000)
Case 3
$90,000
X
254,500
x
150,000
480,000
x
2,500
X
103,000
880,000
825,000
X
X
55,000 ✓
10,000
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