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Problem 1-05A a-b (Part Level Submission) Financial statement information about four different companies is as follows. (a) Determine the missing amounts. (Hint: For example, to
Problem 1-05A a-b (Part Level Submission) Financial statement information about four different companies is as follows. (a) Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Stockholders' Equity = $27,500.) Concord Company Skysong Company Michelangelo Company Raphael Company January 1, 2019 Assets $ 82,500 $121,000 (9) $ 165,000 $ Liabilities 55,000 (d) 82,500 () Stockholders' equity 66,000 49,500 110,000 December 31, 2019 (a) ( Assets 150,700 220,000 (k) Liabilities 60,500 82,500 (h) 88,000 44,000 (e) 143,000 154,000 Stockholders' equity Stockholders' equity changes in year Additional investment (c) 16,500 11,000 16,500 Dividends 11,000 (f) 15,400 11,000 Total revenues 385,000 462,000 (i) 550,000 Total expenses 363,000 423,500 376,200 (1)
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