Question: ! Required information Problem 1-2A (Static) Computing missing information using accounting knowledge [The following information applies to the questions displayed below.) The following financial statement


! Required information Problem 1-2A (Static) Computing missing information using accounting knowledge [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company A B D Company E $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500 9,000 40,000 ? Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 58,000 2 40,000 26,500 2 29,000 85,000 24,000 113,000 70,000 6,000 8,500 3,500 1,400 ? 2,000 9,750 8,000 5,875 ? 14,000 0 6,500 20,000 11,000 Problem 1-2A (Static) Part 5 5. Compute the amount of liabilities for Company E at the beginning of the year. End of Year Assets Liabilities Equity $ 0 Statement of Shareholder's Equity Equity, beginning of year es 0 Equity, end of year Statement of Shareholder's Equity Equity, beginning of year 0 Equity, end of year Beginning of Year Assets = Liabilities Equity 11 $ 0
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