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no solutions on chevy currently . numbers are different Following are the individual financial statements for Gibson and Davis for the year ending December 31,
no solutions on chevy currently . numbers are different
Following are the individual financial statements for Gibson and Davis for the year ending December 31, 2015: Gibson Davis (739,000) (442,500) Sales Cost of goods sold 320,000 189,000 Operating expenses 253,000 69,500 Dividend income Net income (737,000) (401,000) Retained earnings, 1/1/15 184,000) (184,000) Net income Dividends declared 70,000 30,000 s (851,000) (555,000) Retained earnings, 12/31/15 256,600 146,000 Cash and receivables 526,000 Inventory 217,000 Investment in Davis 548,400 Buildings (net) 554,000 627,000 Equipment (net) 405,000 453,000 s 2,290,000 1,443,000 Total assets 000) (548,000) Liabilities Common stock 630,000 340,000 851,000 Retained earnings, 12/31/15 555,000 $(2,290,000) $(1,443,000) Total liabilities and stockholders' equityStep by Step Solution
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