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Two Items Are Omitted from Each of the Following Summaries

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Two items are omitted from each of the following summaries of statement of financial position and income statement data for two companys for the year 2014, Holly Enterprises and Craig Stevens. Two items are omitted from each of the following summaries of statement of financial position and income statement data for two companys for the year 2014, Holly Enterprises and Craig Stevens.   Instructions Determine the missing amounts. Instructions
Determine the missing amounts.


Definitions:

Legal Claim

A formal assertion by a party that they are entitled to some legal right or remedy.

Enforceable

Capable of being imposed or upheld by legal process or authority.

Release

A contract in which one party forfeits the right to pursue a legal claim against the other party.

Recovery

The process of obtaining rightful recovery or reimbursement for losses, damages, or sums owed.

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