The below table represents the balances for three independent companies, you have to determine the value for each of the missing amounts. Company "A" Assets Liabilities Equity Assets Liabilities Equity Additional investment Dividends Total revenues Total expenses $140,000.00 $60,000.00 $190,000.00 $80,000.00 $12,000.00 $550,000.00 $570,000.00 Company "B" Balances as on January 1st, 2019 $210,000.00 $100,000.00 Balances as on December 31, 2019 $250,000.00 $160,000.00 2019 Additional Financial Information $20,000.00 $750,000.00 $800,000.00

The below table represents the balances for three independent companies, you have to determine the value for each of the missing amounts. Company "A" Assets Liabilities Equity Assets Liabilities Equity Additional investment Dividends Total revenues Total expenses $140,000.00 $60,000.00 $190,000.00 $80,000.00 $12,000.00 $550,000.00 $570,000.00 Company "B" Balances as on January 1st, 2019 $210,000.00 $100,000.00 Balances as on December 31, 2019 $250,000.00 $160,000.00 2019 Additional Financial Information $20,000.00 $750,000.00 $800,000.00

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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