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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
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 Beginning of year Assets Liabilities $ 55,000 24,500 $ 34,000 21,500 $ 24,000 9,000 $ 60,000 40,000 End of year Assets 58,000 40,000 ? 85,000 Liabilities ? 26,500 29,000 24,000 Company E $ 119,000 ? 113,000 70,000 Changes during the year Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 8,500 ? Cash dividends 3,500 2,000 8,000 5,875 14,000 20,000 0 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. Answer is not complete. 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 S Assets Liabilities S 113,000 = $ 70,000 $ Equity 43,000 Equity, beginning of year Add: Stock issuances Add: Net income 43,000 6.500 20,000 69,500 11,000 Equity, end of year S 27,500 Beginning of Year Assets Liabilities $ 119,000 $ 27,500 Equity S 91,500 Required 5 > < Required 4
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