Question

Each of the following independent companies is missing numerical data. Required Use your knowledge of the financial statement equations and their interrelationships to fillin the missing amounts Total Expenses Total Assets Total Liabilities NetIncome Total Revenues Company Equity (Loss) s 20.850 Alpha Co 61.700 4,700S 67.700 108.500 (26.600) 133.400 39.700 Bravo, Ino Charle Co. 31.700 10,850 61.700 40,850

Answer 1

Company
Alpha Company
total Expenses = Total Revenues - Net Income
total Expenses = $ 61,700 - $ 20,850 =	$                  40,850
Total Assets = Total Liabilities + Stockholder's Equity
Total Assets = $34,700 + $ 67,700 =	$              1,02,400
Bravo Inc.
Total Expenses = Total Revenues - Net Income
Total Revenue = Net Income + Total Expenses
Total Revenue = - ($ 26,600 ) + $ 108,500 =	$                  81,900
Total Liabilities = total Assets - Stockholder's Equity
Total Liabilities = $ 133,400 - $ 39,700 =	$                  93,700
Charlie Co.
Net Income = Total Revenues - Total Expenses
Net Income = $ 31,700 - $ 10,850 =	$                  20,850
Stockholder's Equity = total Assets - total Liabilities
Stockholder's Equity = $ 61,700 - $ 40,850 =	$                  20,850
Company	Total Revenues	Total Expenses	Net Income (Loss)	total Assets	Total Liabilities	Stockholder's Equity
Alpha Co.	$                  61,700	$                   40,850	$                          20,850	$                1,02,400	$                    34,700	$                 67,700
Bravo Inc.	$                  81,900	$                1,08,500	$                         -26,600	$                1,33,400	$                    93,700	$                 39,700
Charlie Co.	$                  31,700	$                   10,850	$                          20,850	$                   61,700	$                    40,850	$                 20,850