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Sheve + Re
IV. One item is omitted in each of the following summaries of statement of financial position and
income statement data for three different corporations, X, Y, and Z. Determine the amounts of the
missing items, identifying each corporation by letter. (@6 x 3 18%)
.
Beginning of the Year:
Assets
Liabilities
End of the Year:
Assets
Liabilities
During the Year:
110,000
120,000
Issued additional ordinary shares
Dividends
Revenue
Expenses
X
£380,000
270,000
450,000
280,000
?
90,000
195,000
170,000
3
Corporation
Y
£150,000
105,000
185,000
95,000
79,000
83,000
?
113,000
Z
£199,000
168,000
b=46000
195,000
149,000
80,000
?
187,000
175,000