Question

Total assets, end of period	$30,800	?	$89,100	$63,700
Total liabilities, end of period	?	$18,900	$28,500	$13,,400
capital stock, end of period	7,700	11,000	22,300	15,900
Net income for the period	5,800	4,400	?	15,300
Dividends for the period	1,200	900	3600	?

For each of the following cases, fill in the blank with the appropriate dollar amount.

Answer 1

Total assets, end of period	$30,800.00	$33,400.00	$89,100.00	$63,700.00
Total liabilities, end of period	$30,800.00	$18,900.00	$28,500.00	$13,400.00
capital stock, end of period	$7,700.00	$11,000.00	$22,300.00	$15,900.00
Net income for the period	$5,800.00	$4,400.00	$41,900.00	$15,300.00
Dividends for the period	$1,200.00	$900.00	$3,600.00	$19,100.00
a)
Assets = Liabilities + Common Stock + (Beg. RE + Net Income – Div.)
$30,800 = L + $7700 +(0+$5800 -$1200)
$30,800 = L + $7700 + $4600
Total Liabilities = $30800 - $12300	$30,800.00
b)
Assets = Liabilities + Common Stock + (Beg. RE + Net Income – Div.)
Assets = $18900 + $11000 +(0+$4400 -$900)
Total assets, end of period = $18900 +$11000 + $3,500	$33,400.00
c)
Assets = Liabilities + Common Stock + (Beg. RE + Net Income – Div.)
$89100 = $28,500 + $22,300 + ( 0 + NI -$3600)
$89100 - $28500 - $22,300 - 0 + 3600
Net Income	$41,900.00
d)
Assets = Liabilities + Common Stock + (Beg. RE + Net Income – Div.)
$63,700 = $13,400 + $15,900 +(0 + $15300 - Div)
Dividend = $63700 -$13,400 -$15900 - 0 - $15300	$19,100.00