Question

Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order. 1. Solve for the missing amounts. (Loss amounts should be indicated with a minus sign.) Activision Blizzard, Ine. Common Stock Dividends Net Income (LOSS) Retained Earnings Beginning of Year | Retaned namings, End of Year Total Assets Total Expenses. (Total Liabines Total Revenues

Answer 1

Activision Blizzard, Inc.	$
Common Stock	3230
Dividends	140
Net income	$524
Retained earnings , beginning	3899
Retained earnings at the end	$4283
Tòtal assets	15083
Total expenses	$3790
Total liabilities	7570
Total Revenue	4314

Working :

Total assets = Total liabilities + shareholders equity

$15083=7570+ shareholders equity

Shareholders equity = $7,513

Shareholders equity = common stock + retained earnings at end of year

7513 =3230 + Retained earnings at end

Retained earnings at end = 7513-3230= 4283

Net income = Retained earnings at end -retained earnings at beginning + dividends

Net income = 4283-3899+140 = 524

Net income = Total revenues - total expenses

524 = 4314 - total expenses

Total expenses = 4314-524 = 3790