STOCKHOLDERS EQUITY RELATIONSHIPS Data from the financial statements

QUESTION

STOCKHOLDERS EQUITY RELATIONSHIPS Data from the financial statements of four different companies are presented in separate columns in the table below. Each column has one or more data items missing.
(a) Total Equity = Common Stock add Retained Earnings Total Equity = $ 50,000 add $ 12,100 = $ 62,100 (b) Retained Earnings= Retained Earnings as at 12/31/2008 add Net Income less Dividends Retained Earnings = $ 12,100 add $ 7,000 less $ 2,000 = $ 17,100 (c ) Total Equity= Common Stock add Retained Earnings Total Equity = $ 50,000 add $ 17,100 = $ 67,100 (d) Total Liabilities = Total Assets less Total Equity Total Liabilities = $ 92,500 less $ 67,100 = $ 25,400 (e) Retained Earnings = Total Equity less Common Stock Retained Earnings = $ 44,300 less $ 35,000 = $ 9,300 (f) Retained Earnings= Retained Earnings as at 12/31/2008 add Net Income less Dividends Retained Earnings = $ 9,300 less $ 1,800 less $ 0 = $ 7,500 (g ) Total Equity= Common Stock add Retained Earnings Total Equity = $ 35,000 add $ 7,500 = $ 42,500 (h) Total Assets = Total Liabilitiess add Total Equity Total Assets = $ 14,800 less $ 42,500 = $ 57,300 (i) Common Stock = Total Equity less Retained Earnings Common Stock = $ 66,400 less $ 26,400 = $ 40,000 (k) Retained Earnings = Total Equity less

ANSWER:

CLICK REQUEST FOR  AN EXPERT SOLUTION