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Please help! I need help Finding the Stock Issuances (and can you please explain how you got your answer so I can fully understand how
Please help! I need help Finding the Stock Issuances (and can you please explain how you got your answer so I can fully understand how to do it) I also need help finding the Liabilities and the equity for the beginning of the year (in the third photo) thank you.
! 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 Company E $ 31,000 25,420 $ 24,180 16,926 $ 19,840 10,713 $ 55, 180 38,074 $ 84,630 ? Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 36,000 ? 25,920 17,625 ? 11,818 65,520 31,449 99,360 78,494 6,000 8, 120 3,500 1,400 ? 2,000 9,750 6,400 5,875 9,965 0 6,500 8,440 11,000 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of stock issuances for Company D during the year. Beginning of Year Assets + Liabilities 38,074 Equity 17,106 $ 55,180 = $ + $ End of Year Assets + Liabilities 31,449 Equity 34,071 $ 65,520 $ + $ $ 17.106 Equity, beginning of year Add: Stock issuances Add: Net income 9,965 61,142 0 Less: Cash dividends Equity, end of year $ 34,071 Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets + Liabilities 78,494 Equity 20,866 $ 99,360 = $ + $ Equity, beginning of year Add: Stock issuances 6,500 Add: Net income 8,440 14,940 11,000 20,866 Less: Cash dividends Equity, end of year $ Beginning of Year Assets + Equity Liabilities 84,630 $ 84,630 $ +Step by Step Solution
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