Question

Missing Amounts from Balance Sheet and Income Statement Data

One item is omitted from each of the following summaries of balance sheet and income statement data for the following four different corporations. Enter the missing amounts. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year.)

			Carbon		Krypton		Fluorine		Radium
	Beginning of the year:
		Assets	$278,000		$319,700		$119,500		$
		Liabilities	166,800		166,200		90,800		$151,400
	End of the year:
		Assets	344,700		447,600		107,600		312,900
		Liabilities	150,100		140,700		95,600		171,600
	During the year:
		Additional issuance of common stock			63,900		12,000		50,500
		Dividends	19,500		19,200				74,000
		Revenue	91,700				137,400		141,300
		Expenses	50,000		83,100		147,000		161,500

Answer 1

In case of carbon ;

the capital at the beginning was $278,000 - 166,800 = 111200 (assets -liability)

the capital at the end was $319,700 - 166,200 = 194600

capital at the end	194600
less: dividend	(19,500)
: revenue - expenses (91700 - 50000)	(41700)
less: capital at the beginning	(111200)
additional issuance of stock	22200

In case of Krypton ;

the capital at the beginning was $319,700 -166200 =153500

the capital at the end was $447,600 -140700 = 306900

capital at the end	306900
less: dividend	(19200)
less: additional issuance of common stock	(63900)
less: capital at the beginning	(153500)
Add: expenses	83100
revenue	153400

In case of Fluorine ;

the capital at the beginning was $119500 - 90800 = 28700

the capital at the end was $107600 - 95,600 = 12000

capital at the end	12000
less: additional issuance of common stock	(12000)
less: revenue - expenses (137400-147000)	9600
less: capital at the beginning	(28700)
dividend	(19100)

In case of Radium ;

the capital at the end was $312900 -171,600 =141300

capital at the end	141300
less: additional issuance of common stock	(50500)
less: revenue - expenses (141300 - 161500)	20200
less: dividend	(74,000)
capital at the beginning	37000

assets at the beginning = liabilities + capital

= $151,400 +37000 = 188400