What is the amount of equity at the beginning of the year for Company B? kiBeginning of yearAssetsLiabilitiesRequired informationProblem 1-2A (Algo) Computing missing information using accounting knowledge LO A1[The following information applies to the questions displayed below.]The following financial statement information is from five separate companies.Company ACompany B$ 41,00033,620$ 31,98022,386End of yearAssetsLiabilitiesChanges during the yearStock issuancesNet income (loss)Cash dividends46,000?6,00010,8203,50033,12022,521Saved1,400?2,00076233ACompany C$ 26,24014,169?15,101Problem 1-2A (Algo) Part 22a. What is the amount of equity at the beginning of the year for Company B?2b. What is the amount of equity at the end of the year for Company B?2c. Compute the net income of the year for Company B.9,7507,4005,87552F%252Fblackboard.uafs.ecCompany D$ 72,98050,35683,72040,185?13,9110Company E$ 111,930?126,960100,2986,5008,77611,000 cesawIComplete this question by entering your answers in the tabs below.Required 2A Required 2B Required 2CWhat is the amount of equity at the beginning of the year for Company B?Assets=year for Company B.=Liabilities++ $Equity0< Required 2A< PrevRequired 2B >1718of 20wwwwwwaaw

Stockholder's Equity -Stockholder's Equity includes the amount contributed by shareholders issued in…

Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B $ 41,000 33,620 $ 31,980 22,386 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 46,000 ? 6,000 10,820 3,500 33,120 22,521 1,400 ? 2,000 Company C $ 26,240 14,169 ? 15,101 9,750 7,400 5,875 Problem 1-2A (Algo) Part 2 2a. What is the amount of equity at the beginning of the year for Company B? 2b. What is the amount of equity at the end of the year for Company B? 2c. Compute the net income of the year for Company B. Company D $ 72,980 50,356 83,720 40,185 ? 13,911 0 Company E $ 111,930 ? 126,960 100,298 6,500 8,776 11,000

Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B $ 41,000 33,620 $ 31,980 22,386 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 46,000 ? 6,000 10,820 3,500 33,120 22,521 1,400 ? 2,000 Company C $ 26,240 14,169 ? 15,101 9,750 7,400 5,875 Problem 1-2A (Algo) Part 2 2a. What is the amount of equity at the beginning of the year for Company B? 2b. What is the amount of equity at the end of the year for Company B? 2c. Compute the net income of the year for Company B. Company D $ 72,980 50,356 83,720 40,185 ? 13,911 0 Company E $ 111,930 ? 126,960 100,298 6,500 8,776 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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Question

What is the amount of equity at the beginning of the year for Company B?

ki
Beginning of year
Assets
Liabilities
Required information
Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Company A
Company B
$ 41,000
33,620
$ 31,980
22,386
End of year
Assets
Liabilities
Changes during the year
Stock issuances
Net income (loss)
Cash dividends
46,000
?
6,000
10,820
3,500
33,120
22,521
Saved
1,400
?
2,000
76233A
Company C
$ 26,240
14,169
?
15,101
Problem 1-2A (Algo) Part 2
2a. What is the amount of equity at the beginning of the year for Company B?
2b. What is the amount of equity at the end of the year for Company B?
2c. Compute the net income of the year for Company B.
9,750
7,400
5,875
52F%252Fblackboard.uafs.ec
Company D
$ 72,980
50,356
83,720
40,185
?
13,911
0
Company E
$ 111,930
?
126,960
100,298
6,500
8,776
11,000

ces
aw
I
Complete this question by entering your answers in the tabs below.
Required 2A Required 2B Required 2C
What is the amount of equity at the beginning of the year for Company B?
Assets
=
year for Company B.
=
Liabilities
+
+ $
Equity
0
< Required 2A
< Prev
Required 2B >
17
18
of 20
www
www
aaw

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