One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations. Enter the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Freeman Heyward Jones Ramirez Beginning of the year: Assets $524,500 $613,700 $230,800 Liabilities 314,700 319,100 175,400 $292,700 End of the year: Assets 650,400 859,200 207,700 604,900 Liabilities 283,200 270,000 184,600 331,700 During the year: Additional issuance of capital stock 122,700 23,100 97,600 Dividends 36,700 36,800 143,100 Revenue 173,100 265,400 273,200 Expenses 94,400 159,600 283,900 312,200
One item is omitted in each of the following summaries of balance sheet and income statement data for the following four different corporations. Enter the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.) Freeman Heyward Jones Ramirez Beginning of the year: Assets $524,500 $613,700 $230,800 Liabilities 314,700 319,100 175,400 $292,700 End of the year: Assets 650,400 859,200 207,700 604,900 Liabilities 283,200 270,000 184,600 331,700 During the year: Additional issuance of capital stock 122,700 23,100 97,600 Dividends 36,700 36,800 143,100 Revenue 173,100 265,400 273,200 Expenses 94,400 159,600 283,900 312,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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 the following four different corporations.
Enter the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.)
Freeman
Heyward
Jones
Ramirez
Beginning of the year:
Assets
$524,500
$613,700
$230,800
Liabilities
314,700
319,100
175,400
$292,700
End of the year:
Assets
650,400
859,200
207,700
604,900
Liabilities
283,200
270,000
184,600
331,700
During the year:
Additional issuance of capital stock
122,700
23,100
97,600
Dividends
36,700
36,800
143,100
Revenue
173,100
265,400
273,200
Expenses
94,400
159,600
283,900
312,200
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