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The information presented here represents selected data from the
December 31, 2016, balance sheets and income statements for the
year then ended for three firms.
Not sure I am on the right track below,
help?
Required:
Calculate the missing amounts for each firm.
The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms Required Calculate the missing amounts for each firm Firm A Firm B...
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The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms. Required Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capital, 12/31/16 Retained earnings, 12/31/16 Net income for 2016 Dividends declared and paid during 2016 Retained eanings, 1/1/16 $217,500 260,000 102,500 70,000 40,000 27,500 29,500 93,000 55,000 34,000 6,000 25,000 40,500 14,000 62,000
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The information presented here represents selected data from the December 31, 2016, balance sheets and inco statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capital, 12/31/16 Retained earnings, 12/31/16 Net income for 2016 Dividends declared and paid during 2016 Retained earnings, 1/1/16 96,000 66,000 156,000 81,600 14,400 60,000 Firm B Firm C $ 522,000 $ 624,000 246,000 70,800 168,000 223,200 132,000 97,200...
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The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B 348,000 $ Firm C $ 416,000 164,000 64,000 44,000 112,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 47,200 148,800 88,000 64,800 22,400 9,600 40,000 99,200
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The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 391,500 Firm C $ 468,000 184,500 126,000 72,000 49,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net Income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 53,100 167,400 99,000 61,200 10,800 45,000 72,900 25,200...
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The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm B $ 541,000 149,000 Firm C $ 322,000 $ 402,000 223,000 88,000 44,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 300,000 84,000 13,000 45,000 74,000 115,000 72,000 45,000
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2.10 02,3 Understanding financial statement relationships The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms: Firm B $435,000 Firm A ? $80.000 55,000 ? 68,000 12,000 50,000 Firm C $155,000 75,000 45,000 Total assets, 12/31/16............. Total liabilities, 12/31/16 ................ Paid-in capital, 12/31/16................ Retained earnings, 12/31/16............. Net income for 2016 .... Dividends declared and paid during 2016 ... Retained earnings, 1/1/16............. 59,000 186,000 110,000 25,000...
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The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 261,000 Firm C $ 312,000 123,000 84,000 48,000 33,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 35,400 111,600 66,000 40,800 7,200 30,000 48,600 16,800...
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The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 565,500 Total assets, 12/31/19 Firm C $ 676,000 266,500 182,000 104,000 71,500 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 76,700 241,800 143,000 88,400 15,600 65,000 105,300 36,400...
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The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 478,500 Firm C $ 572,000 225,500 154,000 88,000 60,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 64,900 204,600 121,000 74,800 13,200 55,000 89,100 30,800...
The information presented here represents selected data from the
December 31, 2016, balance sheets and income statements for the
year then ended for three firms.
Not sure I am on the right track below,
help?
Required:
Calculate the missing amounts for each firm.
The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms Required Calculate the missing amounts for each firm Firm A Firm B...
The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms. Required Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capital, 12/31/16 Retained earnings, 12/31/16 Net income for 2016 Dividends declared and paid during 2016 Retained eanings, 1/1/16 $217,500 260,000 102,500 70,000 40,000 27,500 29,500 93,000 55,000 34,000 6,000 25,000 40,500 14,000 62,000
The information presented here represents selected data from the December 31, 2016, balance sheets and inco statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capital, 12/31/16 Retained earnings, 12/31/16 Net income for 2016 Dividends declared and paid during 2016 Retained earnings, 1/1/16 96,000 66,000 156,000 81,600 14,400 60,000 Firm B Firm C $ 522,000 $ 624,000 246,000 70,800 168,000 223,200 132,000 97,200...
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B 348,000 $ Firm C $ 416,000 164,000 64,000 44,000 112,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 47,200 148,800 88,000 64,800 22,400 9,600 40,000 99,200
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 391,500 Firm C $ 468,000 184,500 126,000 72,000 49,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net Income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 53,100 167,400 99,000 61,200 10,800 45,000 72,900 25,200...
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm B $ 541,000 149,000 Firm C $ 322,000 $ 402,000 223,000 88,000 44,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 300,000 84,000 13,000 45,000 74,000 115,000 72,000 45,000
2.10 02,3 Understanding financial statement relationships The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms: Firm B $435,000 Firm A ? $80.000 55,000 ? 68,000 12,000 50,000 Firm C $155,000 75,000 45,000 Total assets, 12/31/16............. Total liabilities, 12/31/16 ................ Paid-in capital, 12/31/16................ Retained earnings, 12/31/16............. Net income for 2016 .... Dividends declared and paid during 2016 ... Retained earnings, 1/1/16............. 59,000 186,000 110,000 25,000...
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 261,000 Firm C $ 312,000 123,000 84,000 48,000 33,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 35,400 111,600 66,000 40,800 7,200 30,000 48,600 16,800...
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 565,500 Total assets, 12/31/19 Firm C $ 676,000 266,500 182,000 104,000 71,500 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 76,700 241,800 143,000 88,400 15,600 65,000 105,300 36,400...
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B $ 478,500 Firm C $ 572,000 225,500 154,000 88,000 60,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 64,900 204,600 121,000 74,800 13,200 55,000 89,100 30,800...