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Company E Required Information [The following information applies to the questions displayed below) The following financial statement information is from five separate companies. company A
Company E 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 C Company D Beginning of year Assets $ 41,000 $ 31,980 $ 26, 240 $ 72,980 Liabilities 33, 620 22, 386 14, 169 50, 356 End of year Assets 46,000 33, 120 ? 83, 720 Liabilities 22,521 15, 101 40, 185 changes during the year Stock issuances 6,000 1,400 9,750 2 Net Income (10) 10,820 7,100 13, 911 Cash dividends 3,500 2,000 5,875 $ 111,930 ? 126,960 100, 298 ? 6,500 8,778 11,000 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. Required 2A Required 2B Requu Compute the net income of the year for Company B. $ 9,594 Equity, beginning of year Add: Net income Add: Stock issuances 9,594 Less: Cash dividends Equity, end of year
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