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Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below.] The following
Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company Company A B Company Company C D Company E December 31, 2018 Assets $43,000 $33,540 Liabilities 35,260 23,478 $27,520 $76,540 $117,390 14,860 52,812 December 31, 2019 Assets 48,000 Liabilities 34,560 ? 23,500 15,758 87,360 132,480 41,932 104,659 During year 2019 Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 11,360 ? 5,400 14,700 8,843 Cash dividends 3,500 2,000 5,875 11,000 1a. What is the amount of equity on December 31, 2018 for Company A. Assets Liabilities Equity $ 0 1b. What is the amount of equity on December 31, 2019 for Company A. Statement of Shareholder's Equity Equity, December 31, 2018 Equity, December 31, 2019 0 es 1c. What is the amount of liabilities on December 31, 2019 for Company A. Assets = Liabilities Equity = $ 0 +
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