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-   -   How do you determine this formula? (https://www.askmehelpdesk.com/showthread.php?t=586739)

  • Jul 10, 2011, 06:54 PM
    VA12
    How do you determine this formula?
    Karma Yates McCain Dench
    Company Company Company Company
    January 1, 2008
    Assets $95,000 $110,000 $ 120000 $170,000
    Liabilities 50,000 50000 75,000 80000
    Stockholder's equity 45000 60,000 45,000 90,000
    December 31, 2008
    Assets 115000 137,000 200,000 250000
    Liabilities 55,000 75,000 70000 80,000
    Stockholder's equity 60,000 62000 130,000 170,000
    Stockholder's equity changes in year
    Additional investment ( a) 15,000 10,000 15,000
    Dividends 25,000 (b) 14,000 20,000
    Total revenues 350,000 420,000 (c) 520,000
    Total expenses 320,000 385,000 342,000 (d)

    What's the formula to calculate additional investment, dividends, total revenues, total expenses? I just need to know how to figure out how to get the answers for a, b, c, and d

    This is fromtthe Financial Accounting by Weygandt/kimmel/kieso

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