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Determine the Missing Values

Question 95

Essay

Determine the missing values.
 Revenues $250 Expenses 200 Dividends Declared 20 Additional investments by owners A Net income B Retained Earnings, Beginning C Retained Earnings, Ending 110 Paid-in Capital, Beginning 60 Paid-in Capital, Ending 60 Total Assets, Beginning D Total Assets, Ending 250 Total Liabilities, Beginning 95 Total Liabilities, Ending E\begin{array}{ll}\text { Revenues } & \$ 250 \\\text { Expenses } & 200 \\\text { Dividends Declared } & 20 \\\text { Additional investments by owners } & \mathrm{A} \\\text { Net income } & \mathrm{B} \\\text { Retained Earnings, Beginning } & \mathrm{C} \\\text { Retained Earnings, Ending } & 110 \\\text { Paid-in Capital, Beginning } & 60 \\\text { Paid-in Capital, Ending } & 60 \\\text { Total Assets, Beginning } & \mathrm{D} \\\text { Total Assets, Ending } & 250 \\\text { Total Liabilities, Beginning } & 95 \\\text { Total Liabilities, Ending } & \mathrm{E}\end{array}

Correct Answer:

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A = 0 Beginning Paid-in Capital + Additi...

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