Calculate the missing amounts for each firmfirm a firm b, Ask an Expert

Accounting

Calculate the missing amounts for each firm

Firm A Firm B Firm C

Total Assets 148,000 550,000 321,000
Total liabilities 213000 144000
Paid in capital 74000 49000
Retained earnings 303000
Net income for 2013 82000 114000
Dividends declared and paid during 2013 58000 17000 61000
Retained earnings 1/1/13 70000 38000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91737702

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