(Solved Homework): Independent Cases Total Revenues Total Expenses Net Income Loss Total Assets Total Liabilities Stockholders…

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 Total Revenues Total Expenses Net Income Loss Total Assets Total Liabilities Stockholders ul 75,100 $ 242,500$ 196,800 176,600 91,990 $ 253,700$ 590,200 260,600 30,020 350,700 73,700 36,040 224,330 190,860 190,530 173,950 9,940 97,625 360,200 209,600

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Independent Cases Total Revenues Total Expenses Net Income Loss Total Assets Total Liabilities Stockholders ul 75,100 $ 242,500$ 196,800 176,600 91,990 $ 253,700$ 590,200 260,600 30,020 350,700 73,700 36,040 224,330 190,860 190,530 173,950 9,940 97,625 360,200 209,600

Expert Answer

Total revenues-Total expenses=Net income

Total assets=Total liabilities+Stockholders equity

Case Total revenue Total expense Net income Total assets Total liabilities Stockholders equity
A 242500 196800 45700 253700 75100 178600
B 206620 176600 30020 590200 239500 350700
C 73700 91990 -18290 260600 190860 69740
D 36040 26100 9940 288155 190530 97625
E 224330 209600 14730 534150 173950 360200

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