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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. Beginning of year Assets
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Company A Company B Company C Company D $ 55,000 24,500 $ 34,000 21,500 $ 24,000 9,000 $ 60,000 40,000 Company E $119,000 ? 58,000 40,000 ? ? 26,500 29,000 85,000 24,000 113,000 70,000 6,000 1,400 9,750 ? 6,500 8,500 7 3,500 2,000 8,000 5,875 14,000 20,000 11,000 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 stock issuances for Company D during the year. < Prev 3 of 6 Next > Required 3 Required 4 Required 5 Required 3 Required 4 Required 5 Compute the amount of liabilities for Company E at the beginning of the year End of Year Compute the amount of stock issuances for Company D during the year. Beginning of Year Assets Liabilities + Equity + $ Assets Liabilities Equity $ 60,000 40,000 +$ 20,000 Equity, beginning of year Equity, end of year Beginning of Year Assets Liabilities = $ 0 < Required 4 Equity < Prev 3 of 6 End of Year Assets Liabilities Equity $ 85,000 $ 24,000 $ 61,000 Equity, beginning of year $ 20,000 Add: Stock issuances 9,750 Add: Net income 29,750 Less: Cash dividends Equity, end of year $ 0 14,000 Required
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