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Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities + Equity 140,760 $ 111,200 $ 29,560 + Equity, beginning of year 29,560 Add: Stock issuances 6,500 Add: Net income 8,944 45,004 Less: Cash dividends 11,000 Equity, end of year 2$ 34,004 Beginning of Year Assets Liabilities + Equity 125,580 $ 91,576 34,004 = %24 %24 %24 II

Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities + Equity 140,760 $ 111,200 $ 29,560 + Equity, beginning of year 29,560 Add: Stock issuances 6,500 Add: Net income 8,944 45,004 Less: Cash dividends 11,000 Equity, end of year 2$ 34,004 Beginning of Year Assets Liabilities + Equity 125,580 $ 91,576 34,004 = %24 %24 %24 II

FINANCIAL ACCOUNTING
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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Im having some trouble, not sure if I'm calculating them right.

Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities + Equity 140,760 $ 111,200 + 29,560 Equity, beginning of year 2$ 29,560 Add: Stock issuances 6,500 Add: Net income 8,944 45,004 Less: Cash dividends 11,000 Equity, end of year $ 34,004 X Beginning of Year Assets Liabilities Equity 125,580 $ 91,576 + $ 34,004 %24 %24 II
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities + Equity 140,760 $ 111,200 + 29,560 Equity, beginning of year 2$ 29,560 Add: Stock issuances 6,500 Add: Net income 8,944 45,004 Less: Cash dividends 11,000 Equity, end of year $ 34,004 X Beginning of Year Assets Liabilities Equity 125,580 $ 91,576 + $ 34,004 %24 %24 II
Company A Company B Company C Company D Company E Beginning of year Assets $ 46,000 37,720 $ 35,880 25,116 $ 29,440 15,897 $ 81,880 56,497 $ 125,580 Liabilities End of year 51,000 ? 36,720 24,969 92,820 44,553 140,760 111,200 Assets ? Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 16,743 6,000 12,170 3,500 1,400 ? 9,750 7,300 5,875 6,500 8,944 11,000 ? 15,884 2,000
Transcribed Image Text:Company A Company B Company C Company D Company E Beginning of year Assets $ 46,000 37,720 $ 35,880 25,116 $ 29,440 15,897 $ 81,880 56,497 $ 125,580 Liabilities End of year 51,000 ? 36,720 24,969 92,820 44,553 140,760 111,200 Assets ? Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 16,743 6,000 12,170 3,500 1,400 ? 9,750 7,300 5,875 6,500 8,944 11,000 ? 15,884 2,000
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