The following financial statement information is from five separate companies. Company A Company B Company C $ 42,000 34,440 $ 32,760 22,932 $ 26,880 14,515 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 47,000 ? 6,000 11,090 3,500 33,840 23,011 1,400 ? 2,000 ? 15,430 9,750 7,900 5,875 What is the amount of equity at the beginning of the year for Company B? Company D $ 74,760 51,584 85,540 41,059 ? 14,305 Company E $ 114,660 ? 129,720 102,478 6,500 8,810 11,000
The following financial statement information is from five separate companies. Company A Company B Company C $ 42,000 34,440 $ 32,760 22,932 $ 26,880 14,515 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 47,000 ? 6,000 11,090 3,500 33,840 23,011 1,400 ? 2,000 ? 15,430 9,750 7,900 5,875 What is the amount of equity at the beginning of the year for Company B? Company D $ 74,760 51,584 85,540 41,059 ? 14,305 Company E $ 114,660 ? 129,720 102,478 6,500 8,810 11,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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