For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate them in the order in which they appear.) Revenues Expenses Net income Dividends declared during the year Retained earnings: Beginning Ending Total assets: Beginning Ending Total Liabilities: Beginning Ending Common shares: Beginning Ending Proceeds from issuing additional common shares during the year $ Case 1 730000 507,000 223,000 107,000 854,000 201400 1,923,000 1407400 860,000 454000 346,000 108.000 A B C D E Case 2 $857,000 549,000 308000 975,000 1.957.000 2.258,000 859,000 245,000 355,000 110000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For the two independent cases that follow, determine the missing amount for
each letter. (Hint: You might not be able to calculate them in the order in which
they appear.) Case 1 Revenues Expenses Netincome Dividends declared
during the year Retained earnings: Beginning Ending Total assets: Beginning
Ending Total Liabilities: Beginning Ending Common shares: Begianing Ending
Proceeds from issuing additional common shares during the year Case 2 A $
857,000 549,000 223, 000 107,000 B
975.000 1,957.000 2, 258, 000 859, 000 860, 000 D E 245, 000 355, 000 108,000
Transcribed Image Text:For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate them in the order in which they appear.) Case 1 Revenues Expenses Netincome Dividends declared during the year Retained earnings: Beginning Ending Total assets: Beginning Ending Total Liabilities: Beginning Ending Common shares: Begianing Ending Proceeds from issuing additional common shares during the year Case 2 A $ 857,000 549,000 223, 000 107,000 B 975.000 1,957.000 2, 258, 000 859, 000 860, 000 D E 245, 000 355, 000 108,000
For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate
them in the order in which they appear.)
Revenues
Expenses
Net income
Dividends declared during the year
Retained earnings:
Beginning
Ending
Total assets:
Beginning
Ending
Total Liabilities:
Beginning
Ending
Common shares:
Beginning
Ending
Proceeds from issuing additional common shares during the year
Case 1
730000
507,000
223,000
107,000
854,000
201400
1,923,000
1407400
860,000
454000
346.000
108,000
A
B
C
D
E
Case 2
$857,000
549,000
308000
975.000
1,957,000
2,258,000
859,000
245,000
355,000
110000
Transcribed Image Text:For the two independent cases that follow, determine the missing amount for each letter. (Hint: You might not be able to calculate them in the order in which they appear.) Revenues Expenses Net income Dividends declared during the year Retained earnings: Beginning Ending Total assets: Beginning Ending Total Liabilities: Beginning Ending Common shares: Beginning Ending Proceeds from issuing additional common shares during the year Case 1 730000 507,000 223,000 107,000 854,000 201400 1,923,000 1407400 860,000 454000 346.000 108,000 A B C D E Case 2 $857,000 549,000 308000 975.000 1,957,000 2,258,000 859,000 245,000 355,000 110000
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