Exercise Set A
EA1. LO 2.1 For each independent situation below, calculate the missing values.
Solution
Revenues
$1,250
?
$75,560
$26,390
$872,300
Expenses
$1,100
$100,755
$68,600
?
$856,995
+
Gains
$125
$0
?
$320
$11,000
-
Losses
$75
$1,550
$1,675
$600
?
=
Net Income/(Loss)
?
($485)
$6,485
($990)
$26,305