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Compute the amount of liablilites for Company E on December 31, 2016. Company Company Company Company Company B D $128,310 $47,000 38,540 $36,660 25,662 $30,080
Compute the amount of liablilites for Company E on December 31, 2016.
Company Company Company Company Company B D $128,310 $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,660 57,725 50,000 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 36,000 24,480 138,000 109,020 91,000 43,680 16,415 1,400 6,000 11,540 3,500 9,750 (627) 5,875 14,385 6,500 7,818 11,000 2,000 5. Compute the amount of liabilities for Company E on December 31, 2016. December 31, 2017 Assets $ 138,000 = Liabilities $ + 109,020 + Equity $ 28,980 Required information Statement of Shareholder's Equity Equity, December 31, 2016 Add: Stock issuances Add: Net income 6.500 7.818 14,318 11,000 28.980 Less: Cash dividends Equity, December 31, 2017 5 Step by Step Solution
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