End of year 29,520 20,073 74,620 35,817 113,1 89,3 Assets 41,000 Liabilities 13,460 Changes during the year Stock issuances 6,000 9,470 3,500 9,750 6,000 5,875 6,5 8, 11, 1,400 11,938 Net income (loss) Cash dividends 2,000 equired: . What is the amount of equity at the beginning of the year for Company A? -What is the amount of equity at the end of the year for Company A? What is the amount of liabilities at the end of the year for Company A?
End of year 29,520 20,073 74,620 35,817 113,1 89,3 Assets 41,000 Liabilities 13,460 Changes during the year Stock issuances 6,000 9,470 3,500 9,750 6,000 5,875 6,5 8, 11, 1,400 11,938 Net income (loss) Cash dividends 2,000 equired: . What is the amount of equity at the beginning of the year for Company A? -What is the amount of equity at the end of the year for Company A? What is the amount of liabilities at the end of the year for Company A?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 5a
![6 Question 5 - HW Chapter 01 -X
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The following financial statement information is from five separate companies.
Company A
Company B
Company C
Company D
Company E
Beginning of year
$ 64,080
$ 98,280
$ 36,000
29,520
$ 28,080
19,656
$ 23,040
12,441
Assets
44,215
Liabilities
End of year
29,520
20,073
74,620
35,817
113,160
89,396
Assets
41,000
?
13,460
Liabilities
Changes during the year
Stock issuances
Net income (loss)
9,750
6,000
5,875
6,500
8,608
11,000
1,400
6,000
9,470
3,500
11,938
2,000
Cash dividends
Required:
1a. What is the amount of equity at the beginning of the year for Company A?
1b. What is the amount of equity at the end of the year for Company A?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F950ccb0b-88f0-424e-a789-46ed3bd2a086%2F7dcd46b9-3025-4f87-a0bd-825ff60992ec%2Fmgieqn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6 Question 5 - HW Chapter 01 -X
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Required information
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Company A
Company B
Company C
Company D
Company E
Beginning of year
$ 64,080
$ 98,280
$ 36,000
29,520
$ 28,080
19,656
$ 23,040
12,441
Assets
44,215
Liabilities
End of year
29,520
20,073
74,620
35,817
113,160
89,396
Assets
41,000
?
13,460
Liabilities
Changes during the year
Stock issuances
Net income (loss)
9,750
6,000
5,875
6,500
8,608
11,000
1,400
6,000
9,470
3,500
11,938
2,000
Cash dividends
Required:
1a. What is the amount of equity at the beginning of the year for Company A?
1b. What is the amount of equity at the end of the year for Company A?
Transcribed Image Text:HW Chapter 01
End of year
29,520
20,073
74,620
35,817
113,160
89,396
Assets
41,000
Liabilities
13,460
Changes during the year
6,000
9,470
3,500
9,750
6,000
5,875
6,500
8,608
11,000
Stock issuances
1,400
11,938
Net income (loss)
art 1 of 3
Cash dividends
2,000
Required:
1a. What is the amount of equity at the beginning of the year for Company A?
1b. What is the amount of equity at the end of the year for Company A?
1c. What is the amount of liabilities at the end of the year for Company A?
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Required 1B
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What is the amount of equity at the beginning of the year for Company A?
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Liabilities
Equity
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Required 1B
Expert Solution
Step 1 Introduction
As per accounting equation,
Assets = Liabilities + equity
Equity = Stock issuance + income - loss - dividend
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