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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 Company Company Company A B D E December 31, 2018 Assets $31,000 Liabilities 25,420 $24,180 $19,840 $55,180 16,926 10,713 38,074 $84,630 ? December 31, 2019 Assets 36,000 Liabilities ? 25,920 ? 17,625 11,818 65,520 99,360 31,449 78,494 During year 2019 Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 8,120 ? 7,900 9,965 8,440 Cash dividends 3,500 2,000 5,875 0 11,000 Problem 1-2A Part 1
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