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Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B
Required information [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 Beginning of year Assets Assets Liabilities End of year Liabilities $ 34,000 27,880 $ 26,520 18,564 $ 21,760 11,750 $ 60,520 $ 92,820 41,758 ? 39,000 28,080 ? 70,980 ? 19,094 12,803 34,070 107,640 85,035 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 8,930 ? 7,400 11,148 8,541 Cash dividends 3,500 2,000 5,875 0 11,000 Required: 1a. What is the amount of equity at the beginning of the year for Company A? 1b. What is the amount of equity at the end of the year for Company A? 1c. What is the amount of liabilities at the end of the year for Company A? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C What is the amount of equity at the beginning of the year for Company A? Assets Liabilities Equity $ 34,000 = $ 27,880 + $ 6,120 < Required 1A Required 1B > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C What is the amount of equity at the end of the year for Company A? Equity, beginning of year Add: Stock issuances $ 25,190 6,000 Add: Net income 8,930 40,120 Less: Cash dividends 3,500 Equity, end of year $ 36,620 < Required 1A Required 1C > Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C What is the amount of liabilities at the end of the year for Company A? Assets Liabilities Equity $ 39,000 = $ 13,810 + $ 25,190 < Required 1B Required 1C >
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