Question

case 2 and case 3

Score: 9 of 15 pts 1 of 1 (1 complete) FAM15-A1 (similar to) i Data Table Consider the following independent cases (amounts in thousands) (Click the icon to view the cases.) Requirement 1. For each of the independent cases, compute the amounts (in th For each or the independent cases, compute the amounts (in tnou 1 130 Case 2 3 SK $ 320 130 220 Revenues $ Case $ 130216 130 0 E 10 70 20 P 130 200 Expenses Dividends declared Additional investment by stockholders Net income Retained earnings Beginning of year End of year Paid-in capital Beginning of year End of year Total assets Beginning of year End of year Total liabilities Beginning of year End of year Revenues Expenses Dividends declared Additional investment by stockholders Net income Retained earnings Beginning of year End of year Pald-in capital Beginning of year End of year Total assets Beginning of year End of year Total liabilities Beginning of year End of year N - 15 160 230 95 125 261 95 140 Print Done Enter any number in the edit fields and then click Check Answer

Answer 1

Answer with working is given below

Case 2 $200 $130 $130 $194 Revenues Expenses Dividends declared Additional investment by stockholders Net income Retained earnings Beginning of year End of year Paid-in capital Beginning of year End of year Total Assets Beginning of year End of year Total Liabilities Beginning of year End of year $230 $146 Net Income - Revenues - Expenses = Income $70 Revenues -Expenses $130 Revenues = NetIncome + Expenses $200 = $70 $130 Beginning Total Assets Total Total Assets = Liabilities | $230 = $95 + Paid-in Capital $5 Retained + Earnings $130 Ending RE Beginning RE $130 + Net Income $70 - - Dividend Paid $6 $194 = + Closing Paid in Capital $15 Opening Paid-in Capital $5 Additional Paid in Capital $10 + + = Ending Total Liabilities Total Total Assets =1 Liabilities $355 + Paid-in Capital $15 Retained + Earnings $194 Total Liabilities $146 = = Total Assets $355 - - Paid-in Capital $15 Retained Earnings $194 -

Case 3 $320 $220 $21 $20 $100 $70 $149 Revenues Expenses Dividends declared Additional investment by stockholders Net income Retained earnings Beginning of year End of year Paid-in capital Beginning of year End of year Total Assets Beginning of year End of year Total Liabilities Beginning of year End of year $10 $30 $205 $540 $125 $361 Net Revenues - Expenses Income $100 = $320 $220 Beginning Paid-in Capital $10 End of the year Paid-in Capital $30 Additional - Investment - $20 = Beginning Total Assets Total Total Assets 1= Liabilities $205 $125 + + Paid-in Capital $10 Retained + Earnings + $70 = $125 Net Beginning Dividend TRE declared $21 = $70 Balance Ending RE - balance - $149 + $100 en trobar Ending Total Assets Total Total Assets 1 = Liabilities $540 = $361 + + Paid-in Capital $30 Retained + Earnings + $149