A recent Financial Statement of HP Computer, Inc. had the following data given to you by...

 

Transcribed Image Text:

A recent Financial Statement of HP Computer, Inc. had the following data given to you by your supervisor: Assets (01/01/2018) $116.4 billion Assets (31/12/2018) $176,0 billion Liabilities (31/12/2018) $57.9 billion Owners' Equity (01/01/2018) $76.6 billion Your supervisor cannot find the financial statement that he got the numbers from and asks you to find it for him. Questions: A. What financial statement are you going to search for? B. What is the amount of total liabilities of HP Computer at the beginning of the year? C. What is the amount of total owners' equity reported for HP Computer at the end of the year? D. If HP Computer's retained earnings was $62.8 billion at the beginning of the year and $101.3 billion at the end of the year, can you determine the net income for the year, if a $2.5 billion dividend was declared during the year? A recent Financial Statement of HP Computer, Inc. had the following data given to you by your supervisor: Assets (01/01/2018) $116.4 billion Assets (31/12/2018) $176,0 billion Liabilities (31/12/2018) $57.9 billion Owners' Equity (01/01/2018) $76.6 billion Your supervisor cannot find the financial statement that he got the numbers from and asks you to find it for him. Questions: A. What financial statement are you going to search for? B. What is the amount of total liabilities of HP Computer at the beginning of the year? C. What is the amount of total owners' equity reported for HP Computer at the end of the year? D. If HP Computer's retained earnings was $62.8 billion at the beginning of the year and $101.3 billion at the end of the year, can you determine the net income for the year, if a $2.5 billion dividend was declared during the year?

Answer rating: 100% (QA)

A The financial statement you would search for is the Balance Sheet also known as the Statement of F... View the full answer