Please find the total assets for all three columns. Best Tech,IncorporatedAmazin'ColossalCorporationCorporationCommon Stock$8 $18 $115Dividends13665Net IncomeRetained Earnings, Beginning of Year203511545215Retained Earnings, End of Year5229265Total AssetsTotal ExpensesTotal Liabilities70452154545365Total Revenues9080330

Total assets are equals to the sum of total common stock, ending balance of retained earnings, and…

Best Tech, Incorporated Amazin' Colossal Corporation Corporation Common Stock 8 $ 18 $ 115 Dividends 13 6 65 Net Income 20 35 115 Retained Earnings, Beginning of Year 45 215 Retained Earnings, End of Year 52 29 265 Total Assets Total Expenses 70 45 215 Total Liabilities 45 45 365 Total Revenues 90 80 330

Best Tech, Incorporated Amazin' Colossal Corporation Corporation Common Stock 8 $ 18 $ 115 Dividends 13 6 65 Net Income 20 35 115 Retained Earnings, Beginning of Year 45 215 Retained Earnings, End of Year 52 29 265 Total Assets Total Expenses 70 45 215 Total Liabilities 45 45 365 Total Revenues 90 80 330

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 5CE

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Q14: The following are the Condensed statement of Financial Position of Company A and on december 31,2020. A В Current Assets. 2562500 7639375 Plant and Equipment 768500 22918125 Current liability 555000 300,000 long Term Debt. 2220000. 500,000 Share Premium 1250,000 100,000 Retained Earning. 1609000. 425000 Additional Paid-in 1516000. 437500 Сapital 79 Company C acquires the Net Asset of Both A and B. Paying Cash in Amount of 185000 and by issuing 198500 shares to A, Paying of 72000 and by issuing 54350 shares is 30 to B' Par cash in the amount by issuing 54350 Shares value of Share is 30 and market value on acquisition is 40. Requirments: a) Entry that made in the Book of A. b) Entry that made in the Book of B. c) Entry that made in the Book of C.
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