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Use the relationships in the balance sheet, income statement, and retained earnings statement to determine the missing values Total assets at the beginning of the year Total assets at the end of the year Total liabilities at the beginning of the year Total liabilities at the end of the year Equity at the beginning of the year Equity at the end of the year Dividends paid during the year Net income for year Revenues Expenses $145,200 92,600 126,900 52,600 ✓ $103,700 X 77,200 555,100

Use the relationships in the balance sheet, income statement, and retained earnings statement to determine the missing values Total assets at the beginning of the year Total assets at the end of the year Total liabilities at the beginning of the year Total liabilities at the end of the year Equity at the beginning of the year Equity at the end of the year Dividends paid during the year Net income for year Revenues Expenses $145,200 92,600 126,900 52,600 ✓ $103,700 X 77,200 555,100

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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Use the relationships in the balance sheet, income statement, and retained earnings statement to determine the missing values. Total assets at the beginning of the year Total assets at the end of the year Total liabilities at the beginning of the year Total liabilities at the end of the year Equity at the beginning of the year Equity at the end of the year Dividends paid during the year Net income for the year Revenues Expenses $145,200 92,600 126,900 52,600 V $103,700 X 77,200 555,100
Transcribed Image Text:Use the relationships in the balance sheet, income statement, and retained earnings statement to determine the missing values. Total assets at the beginning of the year Total assets at the end of the year Total liabilities at the beginning of the year Total liabilities at the end of the year Equity at the beginning of the year Equity at the end of the year Dividends paid during the year Net income for the year Revenues Expenses $145,200 92,600 126,900 52,600 V $103,700 X 77,200 555,100
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