E1 16A (Learning Objectives 2, 3 Using the accounting equation evaluating business operations) Compute the missing amount in the accounting equation for each company (amounts in thousands) Which company appears to have the strongest financial position Explain your reasoning Assets Liabilities Owners' Equity Alpha $ $12 Bravo 21 $20 5 Charlie 44 21

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Question: E1-16A. (Learning Objectives 2, 3: Using the accounting equation; evaluating business operations) Compute the missing amount in the accounting equation for each company (amounts in

E1-16A. (Learning Objectives 2, 3: Using the accounting equation; evaluating business operations) Compute the missing amount in the accounting equation for each company

(amounts in thousands):

Assets Liabilities Owners' Equity Alpha $ ? $12 Bravo 21 ? $20

Which company appears to have the strongest financial position? Explain your reasoning.

Assets Liabilities Owners' Equity Alpha $ ? $12 Bravo 21 ? $20 5 Charlie 44 21

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