Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Additional information: 1. 2. 3. Liabilities and Stockholders' Equity 4. $32,000 43,500 55,000 52,500 $183,000 Net income for the year ending December 31, 2020 was $42,500. Cash dividends of $22,500 were declared and paid during the year. Long-term investments that had a cost of $32,000 were sold for $21,500. Sales for 2020 were $127,500. SWIFTY COMPANY $14,500 60,000 30,500 32,500 $137,500
Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Additional information: 1. 2. 3. Liabilities and Stockholders' Equity 4. $32,000 43,500 55,000 52,500 $183,000 Net income for the year ending December 31, 2020 was $42,500. Cash dividends of $22,500 were declared and paid during the year. Long-term investments that had a cost of $32,000 were sold for $21,500. Sales for 2020 were $127,500. SWIFTY COMPANY $14,500 60,000 30,500 32,500 $137,500
Chapter1: Financial Statements And Business Decisions
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