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HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!! 1. What is the amount for Common Stock in 2015? 2. What is amount for Total Liabilities & Owner's Equity for 2015? 3.
HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!
1. What is the amount for Common Stock in 2015?
2. What is amount for Total Liabilities & Owner's Equity for 2015?
3. What is the amount of Accounts Payable in the Balance Sheet in 2015?
4. What is the amount for Intangible Assets in the Balance Sheet in 2015?
5. What is the amount for Total Assets in the Balance Sheet in 2016?
6. What is the amount for Retained Earnings in the Balance Sheet for 2016?
7. What is the amount for Total Owners Equity in the Balance Sheet in 2016?
(Estimated time allowance: 16 minutes) The following information has been extracted from the financial statements of a company. Use it to answer the 7 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. ***TaxrateDividenspaid40%5,000 (1) These are cumulative retained earnings but textbook simply calls it retained earnings There is no other items in the stock owners section in the balance sheets of 2015 and 2016. There is no issuance of equity in 2016. DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. 1. What is the amount for Common Stock in 2015? 2. What is amount for Total Liabilities \& Owner's Equity for 2015 ? 3. What is the amount of Accounts Payable in the Balance Sheet in 2015? 4. What is the amount for Intangible Assets in the Balance Sheet in 2015? 5. What is the amount for Total Assets in the Balance Sheet in 2016? A 6. What is the amount for Retained Earnings in the Balance Sheet for 2016? 7. What is the amount for Total Owners Equity in the Balance Sheet in 2016Step by Step Solution
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