One item is omitted in each of the following summaries of balance sheet and income statement data for four different corporations, I, II, III, and IV.
|
|
I |
II |
III |
IV |
|
Beginning of the year: |
|
|
|
|
|
Assets |
$400,000 |
$ 95,000 |
$100,000 |
(d) |
|
Liabilities |
260,000 |
45,000 |
80,000 |
$150,000 |
|
|
|
|
|
|
|
End of the year: |
|
|
|
|
|
Assets |
900,000 |
125,000 |
120,000 |
310,000 |
|
Liabilities |
500,000 |
35,000 |
105,000 |
170,000 |
|
During the year: |
|
|
|
|
|
Additional issue of |
|
|
|
|
|
capital stock |
(a) |
22,000 |
10,000 |
50,000 |
|
Dividends |
40,000 |
8,000 |
(c) |
75,000 |
|
Revenue |
250,000 |
(b) |
175,000 |
140,000 |
|
Expenses |
180,000 |
52,000 |
177,000 |
160,000 |
Determine the amounts of the missing items, identifying them by letter. (Suggestion: First determine the amount of increase or decrease in stockholders’ equity during the year.)