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Required information Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial

Required information Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Assets End of year Beginning of year Liabilities $ 55,000 24,500 $ 34,000 21,500 $ 24,000 9,000 $ 60,000 40,000 $ 119,000 ? Assets 58,000 40,000 ? 85,000 Liabilities ? 26,500 29,000 24,000 113,000 70,000 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 8,500 ? 8,000 14,000 20,000 Cash dividends 3,500 2,000 5,875 11,000 Problem 1-2A (Static) Parts 3-5 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities Equity $ 113,000 = $ 70,000 + $ 43,000 Equity, beginning of year Add: Stock issuances Add: Net income Less: Cash dividends Equity, end of year Beginning of Year Assets $ 0 = Liabilities Equity 119,000 = $ 91,500 + $ 27,500

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