2-38 Balance Sheet Equation

Each of the three following columns is an independent case. For each case, compute the amounts ($ in thousands) for the items indicated by letters and show your supporting computations.

Total of 3 cases

15 Letter Computations total for 3 Cases

Case

		1	2	3
Revenues		145	$K	$280
Expenses		125	200	240
Dividends Declared		N/A	5	Q
Additonal investment		N/A	40	35
by stockholders		N/A	40	35
Net Income		E	20	P
Retained Earnings
	BY	30	60	120
	EY	D	J	130
Paid-In Capital
	BY	15	10	N
	EY	C	H	85
Total Assets
	BY	80	F	L
	EY	95	280	M
Total Liabilities
	BY	A	90	105
	EY	B	G	95

BY	Beginning of the Year
EY	End of Year

10 years ago

Report issue

2-38 Balance Sheet Equation

NOT RATED

Purchase the answer to view it

balance_sheet_equation.xls