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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 A Company Company Company Company B C D E December 31, 2018 Assets $43,000 $33,540 $27,520 $76,540 $117,390 Liabilities 35,260 23,478 14,860 52,812 December 31, 2019 Assets 48,000 34,560 ? 87,360 132,480 Liabilities ? 23,500 15,758 41,932 104,659 During year 2019 Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 11,360 P 5,400 14,700 8,843 Cash dividends 3,500 2,000 5,875 0 11,000 3. Compute the amount of assets for Company C on December 31, 2019. (En- required.) December 31, 2018 Assets =1 Liabilities $ 27,520 = $ 14,860 + Equity $ 12,660 Statement of Shareholder's Equity Equity, December 31, 2018 Equity, December 31, 2019 0 December 31, 2019 Assets = $ + Equity Liabilities 15,758 = $ 15,758 +
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