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.
![This image presents financial data for two corporations, Concord Corporation and Bridgeport Enterprises, for the year 2020. It provides summaries of balance sheet and income statement data, with two missing items for each corporation.
**Concord Corporation:**
- **Beginning of Year:**
- Total Assets: $104,760
- Total Liabilities: $91,800
- Total Stockholders' Equity: [Missing, marked as (a)]
- **End of Year:**
- Total Assets: $172,800
- Total Liabilities: $129,600
- Total Stockholders' Equity: $43,200
- **Changes During Year in Stockholders' Equity:**
- Additional Investment: $12,960
- Dividends: $25,920
- Total Revenues: $232,200
- Total Expenses: $189,000
**Bridgeport Enterprises:**
- **Beginning of Year:**
- Total Assets: $139,320
- Total Liabilities: $58,320
- Total Stockholders' Equity: $81,000
- **End of Year:**
- Total Assets: $194,400
- Total Liabilities: $54,000
- Total Stockholders' Equity: $140,400
- **Changes During Year in Stockholders' Equity:**
- Additional Investment: $27,000
- Dividends: [Missing, marked as (d)]
- Total Revenues: $108,000
- Total Expenses: $59,400
**Missing Values to be Determined:**
- Concord Corporation:
- (a) Total Stockholders' Equity at the beginning of the year
- (b) Changes during the year in stockholders' equity
- Bridgeport Enterprises:
- (c) Total Liabilities
- (d) Dividends
This data can be used to learn about financial analysis and the interpretation of balance sheets and income statements.](/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:This image presents financial data for two corporations, Concord Corporation and Bridgeport Enterprises, for the year 2020. It provides summaries of balance sheet and income statement data, with two missing items for each corporation.
**Concord Corporation:**
- **Beginning of Year:**
- Total Assets: $104,760
- Total Liabilities: $91,800
- Total Stockholders' Equity: [Missing, marked as (a)]
- **End of Year:**
- Total Assets: $172,800
- Total Liabilities: $129,600
- Total Stockholders' Equity: $43,200
- **Changes During Year in Stockholders' Equity:**
- Additional Investment: $12,960
- Dividends: $25,920
- Total Revenues: $232,200
- Total Expenses: $189,000
**Bridgeport Enterprises:**
- **Beginning of Year:**
- Total Assets: $139,320
- Total Liabilities: $58,320
- Total Stockholders' Equity: $81,000
- **End of Year:**
- Total Assets: $194,400
- Total Liabilities: $54,000
- Total Stockholders' Equity: $140,400
- **Changes During Year in Stockholders' Equity:**
- Additional Investment: $27,000
- Dividends: [Missing, marked as (d)]
- Total Revenues: $108,000
- Total Expenses: $59,400
**Missing Values to be Determined:**
- Concord Corporation:
- (a) Total Stockholders' Equity at the beginning of the year
- (b) Changes during the year in stockholders' equity
- Bridgeport Enterprises:
- (c) Total Liabilities
- (d) Dividends
This data can be used to learn about financial analysis and the interpretation of balance sheets and income statements.
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