Question
Question 7 The information is provided in a table for Alpha Company and Bravo Company. Alpha Company Bravo Company Balance 12/31/15 Assets $165,000 Liabilities $117,000
Question 7
The information is provided in a table for Alpha Company and Bravo Company.
| Alpha Company | Bravo Company |
Balance 12/31/15 |
|
|
Assets | $165,000 |
|
Liabilities |
| $117,000 |
Equity | 140,000 | 155,000 |
Balance 12/31/16 |
|
|
Assets |
| 295,000 |
Liabilities | 126,000 | 125,000 |
Equity | 180,000 | 170,000 |
During the Year: |
|
|
Additional Stock Issued |
| 10,000 |
Dividends paid to shareholders | 10,000 | 5,000 |
Revenue | 125,000 |
|
Expenses | 90,000 | 175,000 |
What are the amounts for each of the following missing items?
1. Alpha Company's 12/31/15 Liabilities
2. Alpha Company's 12/31/16 Assets
3. Alpha Company's 12/31/16 Dividends paid to sharholders
4. Bravo Company's 12/31/15 Assets
5. Bravo Company's 12/31/16 Revenues
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