Company Financial Statement Item Berko Manning Lucas Corey Equity, 12/31/2018: $ 1) 26,400 $66,400 $ 6,000 () $15,000 21,900 $36,900 $ (m) 1,400 Common stock Retained earnings Total equity Net income (loss) for 2019 Dividends during 2019 Equity, 12/31/2019: Common stock $50,000 12,100 $ (a) $ 7,000 2,000 $35,000 (e) $44,300 $(1,800) Retained earnings Total equity Total assets, 12/31/2019 Total liabilities, 12/31/2019 50,000 (b) $ (c) 92,500 $ (d) 35,000 (f) $ (g) (h) $14,800 55,000 (k) $84,500 99,200 $ 1) 15,000 27,600 $ (n) (0) $10,700
Company Financial Statement Item Berko Manning Lucas Corey Equity, 12/31/2018: $ 1) 26,400 $66,400 $ 6,000 () $15,000 21,900 $36,900 $ (m) 1,400 Common stock Retained earnings Total equity Net income (loss) for 2019 Dividends during 2019 Equity, 12/31/2019: Common stock $50,000 12,100 $ (a) $ 7,000 2,000 $35,000 (e) $44,300 $(1,800) Retained earnings Total equity Total assets, 12/31/2019 Total liabilities, 12/31/2019 50,000 (b) $ (c) 92,500 $ (d) 35,000 (f) $ (g) (h) $14,800 55,000 (k) $84,500 99,200 $ 1) 15,000 27,600 $ (n) (0) $10,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Data from the financial statements of four different companies are presented in separate columns in the table below. Each column has one or more data items missing. Required: Use your understanding of the relationships among the financial statement items to determine the missing values (a–o). |

Transcribed Image Text:Company
Financial Statement Item
Berko
Manning
Lucas
Corey
Equity, 12/31/2018:
$ 1)
26,400
$66,400
$ 6,000
()
$15,000
21,900
$36,900
$ (m)
1,400
Common stock
Retained earnings
Total equity
Net income (loss) for 2019
Dividends during 2019
Equity, 12/31/2019:
Common stock
$50,000
12,100
$ (a)
$ 7,000
2,000
$35,000
(e)
$44,300
$(1,800)
Retained earnings
Total equity
Total assets, 12/31/2019
Total liabilities, 12/31/2019
50,000
(b)
$ (c)
92,500
$ (d)
35,000
(f)
$ (g)
(h)
$14,800
55,000
(k)
$84,500
99,200
$ 1)
15,000
27,600
$ (n)
(0)
$10,700
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