Question: For each of the following independent cases, compute the amounts (in thousands) for the items indicated by letters, and show your supporting computations:
|
|
|
|
|
CASE |
|
|
|
|
|
1 |
2 |
3 |
| Revenues |
|
|
|
$150 |
$ K |
$300 |
| Expenses |
|
|
|
120 |
170 |
270 |
| Dividends Declared |
|
|
0 |
5 |
Q |
| Additional Investment by stockholders |
0 |
30 |
35 |
| Net income |
|
|
E |
20 |
P |
| Retained earnings Beginning of year |
40 |
50 |
100 |
| Retained earnings End of year |
|
D |
J |
110 |
| Paid-in capital Beginning of year |
|
15 |
10 |
N |
| Paid-in capital End of year |
|
C |
H |
85 |
| Total assests Beginning of year |
|
85 |
F |
L |
| Total assests End of year |
|
95 |
275 |
M |
| Total liabilities Beginning of year |
|
A |
100 |
105 |
| Total liabilities End of year |
|
B |
G |
95 |