Question
The information is provided in a table for Alpha Company and Bravo Company. Alpha Company Bravo Company Balance 12/31/15 Assets $65,000 Liabilities $17,000 Equity 40,000
The information is provided in a table for Alpha Company and Bravo Company.
| Alpha Company | Bravo Company |
Balance 12/31/15 |
|
|
Assets | $65,000 |
|
Liabilities |
| $17,000 |
Equity | 40,000 | 55,000 |
Balance 12/31/16 |
|
|
Assets |
| 90,000 |
Liabilities | 26,000 | 15,000 |
Equity | 80,000 | 75,000 |
During the Year: |
|
|
Additional Stock Issued |
| 10,000 |
Dividends paid to shareholders | 3,000 | 5,000 |
Revenue | 90,000 |
|
Expenses | 65,000 | 50,000 |
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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