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Question #2 The following information is selected from the balance sheet for Flippant Inc. Solve for the missing amounts. Year 2018 A 6940 478 B

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Question #2 The following information is selected from the balance sheet for Flippant Inc. Solve for the missing amounts. Year 2018 A 6940 478 B 8721 TL + TE Current liabilities (CL) Share capital Contributed capital Noncurrent assets R/E Total assets (TA) Noncurrent liabilities Contributed surplus Current assets (CA) Total liabilities (TL) 5226 C D 4632 E 17642 TE 10336 Note: Total equity = Contributed capital + earned capital

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