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the following financial statement information is from five separate companies Required information [The following infortion plies to the questions displayed below.) The following financial statemenwormation
the following financial statement information is from five separate companies
Required information [The following infortion plies to the questions displayed below.) The following financial statemenwormation is from five separate comparis: Company Comp Company Company Company $ 24, 0 $34,100 2100 $24,000 9,000 $60,000 40,000 $119,000 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 58, 0,000 6,500 ? 29,000 85,000 24,000 113,000 70,000 6,000 8,500 3.500 1,4009 2 8 2.000 , 750 ,000 5.875 ? 14,000 0 6,500 20,000 11,000 5. Compute the amount of liabilities for Company E on December 31, 2016. December 31, 2017 Assets $ 119,000 - Liabilities - . Equity 119,000 $ 1 Step by Step Solution
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