Question

1. Solve for the missing amounts. (Loss amounts should be Indicated wlth a minus sign) Activision Blizzard, Inc Common Stock Dividends Net Income (Loss) Retained Earnings, Beginning of Year Retained Earnings, End of Year Total Assets Total Expenses Total Liabilities Total Revenues 2,580 3,831 15,579 7,881 4,960 2 Is the company profitable? O Yes O No

1 0
Add a comment Improve this question Transcribed image text
Answer #1

Approach used to find the missing figures :- Expanded accounting equation

8ive n DATA IN eANe ASSETS -LiAbilihies CommoN STOCK 2580. 串353) 十REVENUE 4960 expenses(NET INCo me (Loss TOTAL REVENUES ToTAL eXpenses $4960 (9 丯3473 RETAINED eas N NgsCs6h ,nm@ ニ 丰383] -5 200. Subtract ividend s RETAINED EARNINgs, END of 5 11 8 missiNa Fes:- at end of YeasYES ) the CompAny is Poof itable The Rev eNUE of ComPANY 4960 the expenses of compawy 4 34713 erccaeds Hence the CompANy s Psofitable

Add a comment
Know the answer?
Add Answer to:
1. Solve for the missing amounts. (Loss amounts should be Indicated wlth a minus sign) Activision...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Items from the 2015 income statement, statement of retained earnings

    Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard, Inc., are listed below in alphabetical order.Solve for the missing amounts. (Loss amounts should be Indicated with o minus sign.)Activision Blizzard, inc.Common Stock$3,130Dividends190Net Income (Loss)Retained Earnings, Beginning of Year3,935Retained Earnings, End of YearTotal Assets15,791Total ExpensesTotal Liabilities7,679Total Revenues4,822Is the company profitable? 

  • I just have a mistake in the net income loss. so that what I need. M1-15...

    I just have a mistake in the net income loss. so that what I need. M1-15 Relationships among Financial Statements [LO 1-2] tems 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, Inc. Common Stock Dividends Net Income (Loss) Retained Earnings, Beginning of Year Retained Earnings, End of Year Total...

  • Items from the 2015 income statement, statement of retained earnings, and balance sheet of Activision Blizzard,...

    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

  • Supply missing data in the table below. Loss amounts should be indicated by a minus sign....

    Supply missing data in the table below. Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent and other amounts to whole dollars. A B C Sales $410,000 $830,000 $600,000 Net operating income $44,000 Average operating assets $159,000 $157,000 ROI 25% 15% Minimum required rate of return: Percentage 13% 9% Dollar amount $54,000 Residual income $5,000

  • Solve for the missing amounts: Solve for amounts in boxes highlighted. 1 Presented below are incomplete...

    Solve for the missing amounts: Solve for amounts in boxes highlighted. 1 Presented below are incomplete financial statements for Marta Communications, Inc. 2 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement For the Month Ended March 31,...

  • Compute the two missing amounts for each case. Assume that it is the end of the...

    Compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Loss amounts should be indicated with a minus sign.) Independent Cases Net Income (Loss) Total Assets Total Liabilities Stockholders' Equity A Total Total Revenues Expenses $ 244,900 $ 198,000 177,800 76,100 93,190 $ 76,300 B 31,220 256,100 $ 592,600 263,000 351,900 с 192,060 D 38,440 11,140 98,825 191,730 175,150 E 226,730 210,800 361,400

  • The records of Meehan Company show the following at December 31, 2018: '(Click the icon to...

    The records of Meehan Company show the following at December 31, 2018: '(Click the icon to view the data.) 3. Print Read the requirements. Requirement 1. Compute the missing amount for Meehan Company. You will need to determine Retained Eamings, December 31,2018, and total stockholders' equity, December 31,2018. Begin by determining total stockholders' equity. Rework the accounting equation and then solve for stockholders' equity ("equity") at the beginning and end of the period. (1) (2) Equlty Beginning Ending Identify the...

  • Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC....

    Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC. Balance Sheet Assets Cash $ 12,300 Inventory 15,300 Buildings 39,700 Total assets $67,300 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,500 Stockholders' Equity Common stock Retained earnings (b) Total liabilities and stockholders' equity $67,300 DONAVAN, INC. Income Statement $85,900 Revenues Cost of goods sold Salaries and wages expense 10,310 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $17,300 Add: Net income...

  • calculate missing amounts Here are incomplete financial statements for Cullumber Company. Calculate the missing amounts. CULLUMBER...

    calculate missing amounts Here are incomplete financial statements for Cullumber Company. Calculate the missing amounts. CULLUMBER COMPANY Balance Sheet Assets $ 14,000 Cash 17,000 Inventory 38,000 Buildings $69,000 Total assets Liabilities and Stockholders' Equity Liabilities $ 5,600 Accounts payable Stockholders' Equity (a) Common stock Retained earnings (b) $69,000 Total liabilities and stockholders' equity CULLUMBER COMPANY Income Statement $85,400 Revenues (c) Cost of goods sold 10,270 Salaries and wages expense (d) Net income CULLUMBER COMPANY Retained Earnings Statement $19,000 Beginning retained...

  • * Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. Donavan,...

    * Exercise 1-9 Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. Donavan, Inc. Balance Sheet Assets Cash Inventory $7,000 10,000 45,000 Buildings Total assets $62,000 Liabilities and Stockholders' Equity Liabilities $5,000 Accounts payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $62,000 Donavan, Inc. Income Statement $85,000 Revenues Cost of goods sold (c) Salaries and wages expense (10,000) Net Income Donavan, Inc. Retained Earnings Statement Beginning retained earnings $12,000 Add: Net income Less:...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT