i ne Tollowing Tinancial statement information is Trom Tive separate companies.Beginning of yearAssetsLiabilitiesEnd of yearAssets$LiabilitiesChanges during the yearStock issuancesNet income (loss)Cash dividends$Required 3 Required 4 Required 5End of YearAssets76,540 = $87,360Equity, beginning of yearAdd: Net incomeAdd: Stock issuancesComplete this question by entering your answers in the tabs below.HLess: Cash dividendsEquity, end of yearCompute the amount of stock issuances for Company D during the year.Beginning of YearAssets3. Compute the amount of assets for Company C at the end of the year.4. Compute the amount of stock issuances for Company D during the year.5. Compute the amount of liabilities for Company E at the beginning of the year.== $$Company A$$ 43,00035,260LiabilitiesLiabilities48,00052,812 +23,72814,7006,00011,3603,50038,428041,932 +45,428?++Company B$ 33,54023,47834,56023,500S1,400?2,000Equity23,728Company C$ 27,52014,860Equity45,428?15,7589,7505,1005,875Company D$ 76,54052,81287,36041,932?14,7000Company E$ 117,3902132,480104,6596,5008,84311,000

The accounting equation states that assets are equal to the sum of the liabilities and equity. The…

Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Company A $ 43,000 35,260 48,000 ? 6,000 11,360 3,500 Company B $ 33,540 23,478 34,560 23,500 1,400 ? 2,000 Company C $ 27,520 14,860 ? 15,758 9,750 5,100 5,875 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Company D $ 76,540 52,812 87,360 41,932 ? 14,700 0 Company E $ 117,390 2 132,480 104,659 6,500 8,843 11,000

Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Company A $ 43,000 35,260 48,000 ? 6,000 11,360 3,500 Company B $ 33,540 23,478 34,560 23,500 1,400 ? 2,000 Company C $ 27,520 14,860 ? 15,758 9,750 5,100 5,875 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Company D $ 76,540 52,812 87,360 41,932 ? 14,700 0 Company E $ 117,390 2 132,480 104,659 6,500 8,843 11,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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