Determine the Missing Amounts for Each Independent Case Below

question 91

Essay

Determine the missing amounts for each independent case below. Assume the amounts given are at the end of the company's first year of operation. $$\begin{array} { | l | l | l | l | r | r | r | } \hline \begin{array} { l } \text { Company } \\\text { Name }\end{array} & \begin{array} { l } \text { Total } \\\text { Revenue }\end{array} & \begin{array} { l } \text { Total } \\\text { Assets }\end{array} & \begin{array} { l } \text { Total } \\\text { Expenses }\end{array} & \begin{array} { l } \text { Total } \\\text { Liabilities }\end{array} & \begin{array} { l } \text { Net Income } \\\text { (Loss) }\end{array} & \begin{array} { l } \text { Stockholders' } \\\text { Equity }\end{array} \\\hline \text { Randolph } & \$ 600,000 & \$ 450,000 & \$ 350,000 & \$ 130,000 & & \\\hline \text { Newman } & \$ 105,000 & & & \$ 80,000 & \$ 10,000 & \$ 75,000 \\\hline \text { Wiseman } & & \$ 190,000 & \$ 70,000 & & ( \$ 30,000 ) & \$ 100,000 \\\hline \text { Martin } & \$ 180,000 & \$ 215,000 & \$ 115,000 & \$ 75,000 & & \\\hline \begin{array} { l } \text { Van } \\\text { Tassel }\end{array} & & & \$ 55,000 & \$ 75,000 & \$ 19,000 & \$ 79,000 \\\hline\end{array}$$

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Definitions:

Misrepresentation

A false statement or lie that deceives, misleads, or presents an inaccurate picture of the reality.

Omission

The act of leaving out or excluding information, actions, or entities, either intentionally or inadvertently.

Common-value Issue

A matter or concern that holds the same value or importance to all parties involved in a negotiation or dispute.

Bottom Line

The final or most important point in a discussion, negotiation or consideration, often referring to the least acceptable terms one is willing to accept.