Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I put 0 as the answer for stock insurance, (42213-(25935+16278)) but the answer is not correct... help me understand? Required Information [The following information applies
I put 0 as the answer for stock insurance, (42213-(25935+16278)) but the answer is not correct... help me understand?
Required Information [The following information applies to the questions displayed below.] The following financial statement Information is from five separate companies. Company Company B Company Company D Company E $ 47,000 38,540 $36, 660 25,662 $30,000 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 (loss) 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 8,970 11,000 2,000 4. Compute the amount of stock Issuances for Company D during year 2019. December 31, 2018 Assets S 83,680 = Liabilities S 57,725 + Equity $ 25,935 December 31, 2019 Assets Liabilities + S 45,427 + Equity S 49,213 S 94,640 - Statement of Shareholder's Equity Equity, December 31, 2018 S Add: Stock issuances Add: Net income 25,935 0 16,278 42.213 0 Less: Cash dividends Equity, December 31, 2019 S s 49.213Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started