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Fill in the blank with your answer. Each case is independent of one another. Case 1 Case 2 Case 3 $40,000 $75,000 25,000 20,000 10,000 Total assets, end of period Total liabilities, end of period Share Capital, end of period Retained earnings, beginning of period Net income for the period Dividends for the period 10,000 15,000 8,000 2,000 $ 15,000 5,000 8,000 7,000 1,000 3,000 Case 4 $50,000 10,000 15,000 20,000 9,000

Fill in the blank with your answer. Each case is independent of one another. Case 1 Case 2 Case 3 $40,000 $75,000 25,000 20,000 10,000 Total assets, end of period Total liabilities, end of period Share Capital, end of period Retained earnings, beginning of period Net income for the period Dividends for the period 10,000 15,000 8,000 2,000 $ 15,000 5,000 8,000 7,000 1,000 3,000 Case 4 $50,000 10,000 15,000 20,000 9,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 10 Fill in the blank with your answer. Each case is independent of one another. Case 1 Case 2 Case 3 $40,000 Total assets, end of period Total liabilities, end of period Share Capital, end of period Retained earnings, beginning of period Net income for the period Dividends for the period 10,000 15,000 8,000 2,000 $ 15,000 5,000 8,000 7,000 1,000 $75,000 25,000 20,000 10,000 3,000 Case 4 $50,000 10,000 15,000 20,000 9,000
Transcribed Image Text:Question 10 Fill in the blank with your answer. Each case is independent of one another. Case 1 Case 2 Case 3 $40,000 Total assets, end of period Total liabilities, end of period Share Capital, end of period Retained earnings, beginning of period Net income for the period Dividends for the period 10,000 15,000 8,000 2,000 $ 15,000 5,000 8,000 7,000 1,000 $75,000 25,000 20,000 10,000 3,000 Case 4 $50,000 10,000 15,000 20,000 9,000
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