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question 1 a-f question 2 Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. a&b. What was shareholders' equity at the
question 1 a-fquestion 2
Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. a\&b. What was shareholders' equity at the end of 2018 and 2019 ? c. If Newble paid dividends of $135 million in 2019 and made no stock issues, what must have been net income during the year? d. If Newble purchased $335 million in fixed assets during 2019 , what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2018 and 2019 ? f. If Newble issued $214 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.) Complete this question by entering your answers in the tabs below. What was shareholders' equity at the end of 2018 and 2019? (Enter your answers in millions.) Henry Josstick has just started his first accounting course and has prepared the following balance sheet and income statement for Omega Corp. Unfortunately, although the data for the individual items are correct, he is very confused as to whether an item should go in the balance sheet or income statement and whether it is an asset or liability. Prepare the balance sheet and income statement by rearranging the above items. (Be sure to list the assets and liabilities in order of their liquidity. Enter all amounts as positive values.)Step by Step Solution
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