Complete this question by entering your answers in the tabs belo Required 2A Required 2B Required 2C What is the amount of equity at the end of the year for Company B? Assets = year Company B. Liabilities + + $ Equity 0 Required 2A Required 2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is the amount of equity at the end of the year for Company B?
Beginning of year
Assets
Required information
Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1
[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Company A
Company B
$ 41,000
33,620
$ 31,980
22,386
Liabilities
End of year
Assets
Liabilities
Changes during the year
Stock issuances
Net income (loss)
Cash dividends
46,000
?
6,000
10,820
3,500
33,120
22,521
1,400
?
2,000
Saved
Complete this question by entering your answers in the tabs below.
Company C
$ 26,240
14,169
Problem 1-2A (Algo) Part 2
2a. What is the amount of equity at the beginning of the year for Company B?
2b. What is the amount of equity at the end of the year for Company B?
2c. Compute the net income of the year for Company B.
?
15,101
9,750
7,400
5,875
Company D
$ 72,980
50,356
83,720
40,185
?
13,911
0
-blackboard.uafs.
Company E
$ 111,930
126,960
100,298
6,500
8,776
11,000
2
Transcribed Image Text:Beginning of year Assets Required information Problem 1-2A (Algo) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B $ 41,000 33,620 $ 31,980 22,386 Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 46,000 ? 6,000 10,820 3,500 33,120 22,521 1,400 ? 2,000 Saved Complete this question by entering your answers in the tabs below. Company C $ 26,240 14,169 Problem 1-2A (Algo) Part 2 2a. What is the amount of equity at the beginning of the year for Company B? 2b. What is the amount of equity at the end of the year for Company B? 2c. Compute the net income of the year for Company B. ? 15,101 9,750 7,400 5,875 Company D $ 72,980 50,356 83,720 40,185 ? 13,911 0 -blackboard.uafs. Company E $ 111,930 126,960 100,298 6,500 8,776 11,000 2
ule
Complete this question by entering your answers in the tabs belo
Required 2A Required 2B Required 2C
What is the amount of equity at the end of the year for Company B?
Equity
Assets
of the year for Company B.
||
=
Liabilities
+
+
$
0
< Required 2A
Required 20
Transcribed Image Text:ule Complete this question by entering your answers in the tabs belo Required 2A Required 2B Required 2C What is the amount of equity at the end of the year for Company B? Equity Assets of the year for Company B. || = Liabilities + + $ 0 < Required 2A Required 20
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