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


Total assets, end of period $40,000 ? $75,000 $50,000
Total liabilities, end of period ? 15,000 25,000 10,000
Capital stock, end of period 10,000 5,000 20,000 15,000
Retained earnings,
Beginning of period 15,000 8,000 10,000 20,000
Net income for the period 8,000 7,000 ? 9,000
Dividends for the period 2,000 1,000 3,000 ?

Quote:

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Originally Posted by keli13

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


Total assets, end of period $40,000 ? $75,000 $50,000
Total liabilities, end of period ? 15,000 25,000 10,000
Capital stock, end of period 10,000 5,000 20,000 15,000
Retained earnings,
beginning of period 15,000 8,000 10,000 20,000
Net income for the period 8,000 7,000 ? 9,000
Dividends for the period 2,000 1,000 3,000 ?

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RE(beginning) + NI - DP = RE(closing)
A - L = equity. Equity = Capital + RE

Quote:

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Originally Posted by paraclete

re(beginning) + ni - dp = re(closing)
a - l = equity. Equity = capital + re

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Thank you!