Company A Company B Company C Company D Company E Beginning of year $ 64,080 44,215 $ 98,280 $ 36,000 29,520 $ 28,080 19,656 $ 23,040 12,441 Assets Liabilities End of year 29,520 20,073 74,620 35,817 113,160 89,396 Assets 41,000 13,460 Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 6,000 9,470 3,500 9,750 6,000 5,875 6,500 8,608 11,000 1,400 11,938 2,000 ompute the amount of assets for Company C at the end of the year. ompute the amount of stock issuances for Company D during the year. ompute the amount of liabilities for Company E at the beginning of the year.
Company A Company B Company C Company D Company E Beginning of year $ 64,080 44,215 $ 98,280 $ 36,000 29,520 $ 28,080 19,656 $ 23,040 12,441 Assets Liabilities End of year 29,520 20,073 74,620 35,817 113,160 89,396 Assets 41,000 13,460 Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 6,000 9,470 3,500 9,750 6,000 5,875 6,500 8,608 11,000 1,400 11,938 2,000 ompute the amount of assets for Company C at the end of the year. ompute the amount of stock issuances for Company D during the year. ompute the amount of liabilities for Company E at the beginning of the year.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section17.4: Analyzing Financial Statements Using Financial Ratios
Problem 1WT
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7 c
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Step 1 Introduction
As per accounting equation assets equal to sum of liabilities and equity.
The equity gets effected by stock issuance, dividends, net income, loss, etc.
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