Question
The information is provided in a table for Alpha Company and Bravo Company. Alpha Company Bravo Company Balance 12/31/15 Assets $165,000 Liabilities $117,000 Equity $
The information is provided in a table for Alpha Company and Bravo Company.
Alpha Company Bravo Company
Balance 12/31/15
Assets $165,000
Liabilities $117,000
Equity $140,000 155,000
Balance 12/31/16
Assets $295,000
Liabilities $126,000 $125,000
Equity 180,000 170,000
During the Year:
Additional Stock Issued 10,000
Dividends paid to shareholders 10,000 5,000
Revenue 125,000
Expenses 90,000 175,000
What are the amounts for each of the following missing items?
1. Alpha Company's 12/31/15 Liabilities
2. Alpha Company's 12/31/16 Assets
3. Alpha Company's 12/31/16 Additional Stock Issued
4. Bravo Company's 12/31/15 Assets
5. Bravo Company's 12/31/16 Revenues
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