Question
The information is provided in a table for Alpha Company and Bravo Company. Alpha Company Bravo Company Balance 12/31/15 Assets $60,000 Liabilities $15,000 Equity 43,600
The information is provided in a table for Alpha Company and Bravo Company.
| Alpha Company | Bravo Company |
Balance 12/31/15 |
|
|
Assets | $60,000 |
|
Liabilities |
| $15,000 |
Equity | 43,600 | 32,000 |
Balance 12/31/16 |
|
|
Assets |
| 70,000 |
Liabilities | 18,400 | 20,000 |
Equity | 90,000 | 50,000 |
During the Year: |
|
|
Additional Stock Issued |
| 10,000 |
Dividends paid to shareholders | 3,000 | 5,000 |
Revenue | 95,000 |
|
Expenses | 59,000 | 60,000 |
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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