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The information presented here represents selected data from the December 31, 2015 year then ended for three firms. Required: Calculate the missing amounts for each
The information presented here represents selected data from the December 31, 2015 year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/19 $ 409,000 $ 531,000 $ 330,000 Total liabilities, 12/31/19 210,000 136,000 Paid-in capital, 12/31/19 79,000 38,000 Retained earnings, 12/31/19 316,000 Net income for 2019 79,000 115,000 Dividends declared and paid during 2019 47,000 26,000 60,000 Retained earnings, 1/1/19 82,000 38,000
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