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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa64123de-a4af-4006-93da-eac7f0bdcdf5%2F0f13ee01-bae2-4bcc-8a97-c808d6d831ca%2F7oz0zq7_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Transcribed Image Text:ces
aw
I
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