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 140,000
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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