Determine the missing amounts. Concord Corporation Bridgeport Enterprises Beginning of year: Total assets $104,760 $139,320 Total liabilities 91,800 58,320 (c) Total stockholders' equity 12,960 (a) 81,000 End of year: Total assets 172.800 194,400 Total liabilities 129.600 54,000 Total stockholders' equity 43.200 140,400 Changes during year in stockhoiders' equity: Additional investment 12,960 (b) 27,000 Dividends 25,920 16.200 (d) Total revenues 232.200 108,000 Total expenses 189.000 59,400
Determine the missing amounts. Concord Corporation Bridgeport Enterprises Beginning of year: Total assets $104,760 $139,320 Total liabilities 91,800 58,320 (c) Total stockholders' equity 12,960 (a) 81,000 End of year: Total assets 172.800 194,400 Total liabilities 129.600 54,000 Total stockholders' equity 43.200 140,400 Changes during year in stockhoiders' equity: Additional investment 12,960 (b) 27,000 Dividends 25,920 16.200 (d) Total revenues 232.200 108,000 Total expenses 189.000 59,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I can answer a and c, but cannot figure out b and d.
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Correct Answer (Used)
each of the following summaries of balance sheet and income statement data for two corporations for
Two items are omitted
the year 2020, Concord Corporation and Bridgeport Enterprises
Determine the missing amounts.
Concord Corporation
Bridgeport Enterprises
Beginning of year:
Total assets
$104,760
$139,320
Total liabilities
91,800
58.320
(c)
Total stockholders' equity
12.960
(a)
81,000
End of year:
172.800
129.600
194,400
54,000
140,400
Total assets
Total liabilities
Total stockholders' equity
Changes during year in stockholders' equity:
43.200
Additional investment.
(b)
27,000
Dividends
25,920
16.200
(d)
Total revenues
232.200
189.000
108.000
Total expenses
5? ఉ00
8.
三](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd17e6774-bd95-4c45-9155-761878e87455%2F57f31568-93f0-4b8b-ad53-6f69faf5bfb7%2Fprydqi8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Show Attempt History
Your Answer
Correct Answer (Used)
each of the following summaries of balance sheet and income statement data for two corporations for
Two items are omitted
the year 2020, Concord Corporation and Bridgeport Enterprises
Determine the missing amounts.
Concord Corporation
Bridgeport Enterprises
Beginning of year:
Total assets
$104,760
$139,320
Total liabilities
91,800
58.320
(c)
Total stockholders' equity
12.960
(a)
81,000
End of year:
172.800
129.600
194,400
54,000
140,400
Total assets
Total liabilities
Total stockholders' equity
Changes during year in stockholders' equity:
43.200
Additional investment.
(b)
27,000
Dividends
25,920
16.200
(d)
Total revenues
232.200
189.000
108.000
Total expenses
5? ఉ00
8.
三
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