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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 Liabilities $ 44,000 36,080 $ 34,320 24,024 $ 28,160 15,206 $ 78,320 54,040 $ 120,120 End of year Assets 49,000 35,280 ? 89,180 Liabilities ? 23,990 16,086 42,806 ? 135,240 106,839 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 11,630 ? 7,600 15,094 8,877 Cash dividends 3,500 2,000 5,875 0 11,000 2a. What is the amount of equity at the beginning of the year for Company B? 2b. What is the amount of equity at the end of the year for Company B? 2c. Compute the net income of the year for Company B. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Compute the net income of the year for Company B. Equity, beginning of year Add: Stock issuances $ 10,296 1,400 Add: Net income 11,696 Less: Cash dividends (2,000) Equity, end of year $ 11,290
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