The following financial statement information is from five separate companies. Company A $ 48,000 39,360 Beginning...

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The following financial statement information is from five separate companies. Company A $ 48,000 39,360 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 53,000 ? 6,000 12,710 3,500 Company B $ 37,440 26,208 38,160 25,948 1,400 ? 2,000 Company C $ 30,720 16,588 ? 17,399 9,750 6,300 5,875 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? Company D $ 85,440 58,953 96,460 46,300 ? 16,673 0 Company E $ 131,040 ? 146,280 115,561 6,500 9,011 11,000 The following financial statement information is from five separate companies. Company A $ 48,000 39,360 Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends 53,000 ? 6,000 12,710 3,500 Company B $ 37,440 26,208 38,160 25,948 1,400 ? 2,000 Company C $ 30,720 16,588 ? 17,399 9,750 6,300 5,875 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? Company D $ 85,440 58,953 96,460 46,300 ? 16,673 0 Company E $ 131,040 ? 146,280 115,561 6,500 9,011 11,000

Answer rating: 100% (QA)

1a To calculate the amount of equity at the beginning of the year for Company A we can use the accou... View the full answer