Question: Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below) The following financial


Required information Problem 1-2A Computing missing information using accounting knowledge LO A1, P1 [The following information applies to the questions displayed below) The following financial statement information is from five separate companies. Company Company Company B Company D Company E $122,850 $45,000 $35, 100 36,990 24,570 $28,800 15,552 $80,100 55,268 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 50,000 ? 36,000 24,480 ? 16,415 91,000 43,680 138,000 109,020 6,000 11,900 3,500 1,400 ? 2,800 9,750 5,500 5,875 2 15,488 a 6,500 8,910 11,000 2a. What is the amount of equity on December 31, 2018 for Company B. Assets Liabilities Equity 11 + $ 0 2b. What is the amount of equity on December 31, 2019 for Company B. Assets 11 Liabilities + Equity $ + 0 2c. What is net income for year 2019 for Company B. Statement of Shareholder's Equity Equity, December 31, 2018 0 Equity, December 31, 2019
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
