[The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B $ 55,000 24,500 $ 34,000 21,500 Beginning of year Assets Liabilities End of year Assets Liabilities S Changes during the year Stock issuances Net income (loss) Cash dividends Required 3 S End of Year Complete this question by entering your answers in the tabs below. 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Required 4 Required 5 Assets Compute the amount of liabilities for Company E at the beginning of the year. Equity, beginning of year 113,000 Less: Stock issuances Equity, end of year Beginning of Year Assets = 119,000 = S $ S S Liabilities 70,000 + 58,000 27,500 6,000 8,500 3,500 27,500 6,500 43.000 Liabilities $ 91,500 + $ < Required 4 40,000 26,500 1,400 2,000 Equity Company C $ 24,000 9,000 43.000 Equity 27,500 ? 29,000 Required 5 9,750 8,000 5,875 Company D $ 60,000 40,000 85,000 24,000 14,000 8 Company E $ 119,000 P 113,000 70,000 6,500 20,000 11,000 42 A

[The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B $ 55,000 24,500 $ 34,000 21,500 Beginning of year Assets Liabilities End of year Assets Liabilities S Changes during the year Stock issuances Net income (loss) Cash dividends Required 3 S End of Year Complete this question by entering your answers in the tabs below. 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Required 4 Required 5 Assets Compute the amount of liabilities for Company E at the beginning of the year. Equity, beginning of year 113,000 Less: Stock issuances Equity, end of year Beginning of Year Assets = 119,000 = S $ S S Liabilities 70,000 + 58,000 27,500 6,000 8,500 3,500 27,500 6,500 43.000 Liabilities $ 91,500 + $ < Required 4 40,000 26,500 1,400 2,000 Equity Company C $ 24,000 9,000 43.000 Equity 27,500 ? 29,000 Required 5 9,750 8,000 5,875 Company D $ 60,000 40,000 85,000 24,000 14,000 8 Company E $ 119,000 P 113,000 70,000 6,500 20,000 11,000 42 A

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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