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Can someone please help me with this? I'm stuck. Required information [The following information applies to the questions displayed below.] The following financial statement information
Can someone please help me with this? I'm stuck.
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company Company D Company E $ 47,000 38,540 $36,660 25, 662 $30,080 16,243 $83, 660 57,725 $128,310 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (1033) Cash dividends 52,000 ? 37,440 25,459 ? 17,071 94,640 45,427 143,520 113,380 1,400 6,000 12,440 3,500 9,750 5,700 5,875 ? 16,278 0 6,500 8,978 11,000 2,000 Required: 1a. What is the amount of equity on December 31, 2018 for Company A. Assets $ 47,000 Liabilities $ 38,540 Equity 8,460 $ 1b. What is the amount of equity on December 31, 2019 for Company A. Statement of Shareholder's Equity Equity, December 31, 2018 $ Add: Stock issuances 8,460 6,000 Add: Net income 14,460 3,500 Less: Cash dividends Equity, December 31, 2019 10. What is the amount of liabilities on December 31, 2019 for Company A. Assets Liabilities + Equity 0 +Step by Step Solution
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