Question: Problem 1 - 2 A ( Static ) Computing missing information using accounting knowledge LO A 1 Skip to question [ The following information applies

Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1
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[The following information applies to the questions displayed below.]
The following financial statement information is from five separate companies.
Company A Company B Company C Company D Company E
Beginning of year
Assets $ 55,000 $ 34,000 $ 24,000 $ 60,000 $ 119,000
Liabilities 24,50021,5009,00040,000?question mark
End of year
Assets 58,00040,000?question mark 85,000113,000
Liabilities ?question mark 26,50029,00024,00070,000
Changes during the year
Stock issuances 6,0001,4009,750?question mark 6,500
Net income (loss)8,500?question mark 8,00014,00020,000
Cash dividends 3,5002,0005,875011,000
Problem 1-2A (Static) Part 1
Required:
1a. What is the amount of equity at the beginning of the year for Company A?
1b. What is the amount of equity at the end of the year for Company A?
1c. What is the amount of liabilities at the end of the year for Company A?

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