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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 End of year $ 55,000 24,500 $ 34,000 21,500 $ 24,000 9,000 $ 60,000 $ 119,000 40,000 ? Assets 58,000 40,000 ? 85,000 113,000 Liabilities ? 26,500 29,000 24,000 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 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 Equity, end of year 0
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