Balance Sheet And Income Statement Data
Balance Sheet And Income Statement Data
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Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2014, Steven Craig and Georgia Enterprises.
Determine the missing amounts.
Steven
Craig
Georgia
Enterprises
Beginning of year:
Total assets $103,354 $137,450
Total liabilities 90,568 (c)
Total stockholders’ equity (a) 79,913
End of year:
Total assets 170,480 191,790
Total liabilities 127,860 53,275
Total stockholders’ equity 42,620 138,515
Changes during year in stockholders’ equity:
Additional investment (b) 26,638
Dividends 25,572 (d)
Total revenues 229,083 106,550
Total expenses 186,463 58,603
