Question
The information is provided in a table for Alpha Company and Bravo Company. Alpha Company Bravo Company Balance 12/31/15 Assets $605,000 Liabilities $142,000 Equity 436,000
The information is provided in a table for Alpha Company and Bravo Company.
Alpha Company
Bravo Company
Balance 12/31/15
Assets
$605,000
Liabilities
$142,000
Equity
436,000
305,000
Balance 12/31/16
Assets
610,000
Liabilities
184,000
170,000
Equity
460,000
440,000
During the Year:
Additional Stock Issued
100,000
Dividends paid to shareholders
60,000
90,000
Revenue
655,000
Expenses
590,000
620,000
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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