Assume that it is the end of 2006 the first full year of

Reference no: EM13481686

Review the chapter explanations of the income statement andthe balance sheet equations. Apply these equations in each independent case to compute the two missing amounts for each case. Assume that it is the end of 2006, the first full year of operations for the company. (Hint: Organize the listeditems as they are presented in the balance sheet and income statement equations and then compute the missing amounts.)

Independent Cases	Total Revenues	Total Expenses	Net Income (Loss)	Total Assets	'rota! Liabilities	Stockholders' Equity
A	$100.000	$75,000	$	$150,000	$70,000	$
B		80,000	12,000	112.000		60,000
C	80.000	85.000		104.000	26.000
D)	50.000		13,000		22,000	77,000
E	81,000	6.000			73,000	28,000

Reference no: EM13481686

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