Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT. Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issue of capital stock Dividends Revenue Expenses Determine the missing amounts. a. Additional issue of capital stock b. Revenue c. Dividends d. Assets at beginning of year 225,000 70,000 ✓ AL CO $600,000 $280,000 $550,000 $ (d) 200,000 130,000 325,000 350,000 20,000 ✓ KS 900,000 420,000 660,000 1,300,000 400,000 110,000 360,000 900,000 X MT (a) 40,000 100,000 100,000 30,000 20,000 (c) 40,000 (b) 145,000 420,000 125,000 65,000 85,000 150,000 480,000
Missing Amounts from Balance Sheet and Income Statement Data One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT. Beginning of the year: Assets Liabilities End of the year: Assets Liabilities During the year: Additional issue of capital stock Dividends Revenue Expenses Determine the missing amounts. a. Additional issue of capital stock b. Revenue c. Dividends d. Assets at beginning of year 225,000 70,000 ✓ AL CO $600,000 $280,000 $550,000 $ (d) 200,000 130,000 325,000 350,000 20,000 ✓ KS 900,000 420,000 660,000 1,300,000 400,000 110,000 360,000 900,000 X MT (a) 40,000 100,000 100,000 30,000 20,000 (c) 40,000 (b) 145,000 420,000 125,000 65,000 85,000 150,000 480,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Missing Amounts from Balance Sheet and Income Statement Data
One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, AL, CO, KS, and MT.
Beginning of the year:
Assets
Liabilities
End of the year:
Assets
Liabilities
During the year:
Additional issue of capital stock
Dividends
Revenue
Expenses
Determine the missing amounts.
a. Additional issue of capital stock
b. Revenue
C. Dividends
d. Assets at beginning of year
70,000
225,000
20,000
AL
CO
X
KS
$600,000 $280,000 $550,000
$ (d)
200,000 130,000 325,000 350,000
MT
(a)
30,000
125,000
(b) 145,000
65,000 85,000 150,000
900,000 420,000 660,000 1,300,000
400,000 110,000 360,000 900,000
40,000 100,000 100,000
20,000
(c) 40,000
420,000
480,000
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