For each independent situation below, calculate the missing values. Revenues $1,150 104,820 ✔ $76,500 $26,100 $871,300 Expenses + $850 $103,615 $69,500 24,770 X $856,200 Gains $135 $0 1,200 ✓ $320 $11,000 Losses $80 $1,650 $1,650 $610 0 ✓ Net Income/ (Loss) 625 X $(445) $6,550 $(1,040) $26,100

For each independent situation below, calculate the missing values. Revenues $1,150 104,820 ✔ $76,500 $26,100 $871,300 Expenses + $850 $103,615 $69,500 24,770 X $856,200 Gains $135 $0 1,200 ✓ $320 $11,000 Losses $80 $1,650 $1,650 $610 0 ✓ Net Income/ (Loss) 625 X $(445) $6,550 $(1,040) $26,100

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

100%

For each independent situation below, calculate the missing values.
Revenues
$1,150
104,820 ✔
$76,500
$26,100
$871,300
Expenses
$850
$103,615
$69,500
24,770 X
$856,200
+
Gains
1,200
$135
$0
$320
$11,000
Losses
$80
$1,650
$1,650
$610
0 ✓
=
Net Income/
(Loss)
625 X
$(445)
$6,550
$(1,040)
$26,100

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