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Date Posted: 05:22:37 02/28/00 Mon
Author: Bob
Subject: Re: Missing terms Case A, problem 13, mid-term #2
In reply to: Donald Herbert 's message, "Missing terms Case A, problem 13, mid-term #2" on 20:39:47 02/26/00 Sat

Since you have Total Assets and Total Liabilities, you can find Total Equity. Then with Total Equity minus Ending Retained Earnings you can find paid in capital.


> Can anyone help with the missing terms for case A
> (problem 13, mid-term example #2) shown below?
>
>
>
> A
> Revenue 100,000
> Expenses 60,000
> Net Income 40,000
> Begin RE 130,000
> Dividends 50,000
> End RE 120,000
> Current Assets 80,000
> Long-term Assets
> Total Assets
> Current Liabilities 30,000
> Noncurrent Liabilities 270,000
> Total Liabilities 300,000
> Paid-in Capital
> Total Equity
>
>
> Thanks.
>
>
> -Don

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