Homework Answers
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| Firm A | Firm B | Firm C | ||
| Total asset 12/31/16 | 412000 | 531000 | 335000 | |
| Total liabilities 12/31/16 | 206000 | 139000 | 208000 | |
| Pain in capital 12/31/16 | 74000 | 85000 | 40000 | |
| Retained earning 12/31/16 | 544000 | 307000 | 87000 | |
| Net income for 2016 | 507000 | 88000 | 117000 | |
| Dividend declared and paid during 2016 | 46000 | 10000 | 73000 | |
| Retained earning 1/1/16 | 83000 | 229000 | 43000 | |
| Firm A = | ||||
| Retained earning 12/31/16 | = | 412000-206000-74000 | ||
| 544000 | ||||
| net income = 544000-83000+46000 | ||||
| Firm B= | ||||
| Pain in capital 12/31/16 | 531000-139000-307000 | |||
| Retained earning 1/1/16 | 307000-88000+10000 | |||
| 229000 | ||||
| Firm C = | ||||
| Retained earning 12/31/16 | 43000+117000-73000 | |||
| Total liabilities 12/31/16 | 335000-40000-87000 | |||
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Week 1 Quiz < Question 1 of 4) The information presented here represents...
The information presented here represents selected data from the December 31, 2016, balance sheets and income...
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, 2019, balance sheets and income...
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 $ 652.500 Firm C S 780,000 307 500 120.000 82,500 210,000 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 88,500 279,000 165,000 121,500 102,000 18.000 75,000...
The information presented here represents selected data from the December 31, 2016, balance sheets and inco...
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...
2.10 02,3 Understanding financial statement relationships The information presented here represents selected data from the December...
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, 2016, balance sheets and income...
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 income...
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 B $ 542,000 136,000 Firm C $ 320,000 42.000 Total assets, 12/31/16 Total liabilities, 12/31/16 Pald-in capital, 12/31/16 Retained earnings, 12/31/16 Not income for 2016 Dividends declared and paid during 2016 Retained earnings, 1/1/16 Firm A $ 416,000 206,000 84.000 290.000 131.000 59,000 72,000 307,000 74.000...
The information presented here represents selected data from the December 31, 2019, balance sheets and income...
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 Firm C $ 572 000 $ 478.500 1 88,000 60,500 225,500 154,000 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 64,900 204,600 121,000 74,800 13,200 55,000...
The information presented here represents selected data from the December 31, 2019, balance sheets and income...
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...
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...
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, 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, 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 $ 652.500 Firm C S 780,000 307 500 120.000 82,500 210,000 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 88,500 279,000 165,000 121,500 102,000 18.000 75,000...
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...
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, 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 income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm B $ 542,000 136,000 Firm C $ 320,000 42.000 Total assets, 12/31/16 Total liabilities, 12/31/16 Pald-in capital, 12/31/16 Retained earnings, 12/31/16 Not income for 2016 Dividends declared and paid during 2016 Retained earnings, 1/1/16 Firm A $ 416,000 206,000 84.000 290.000 131.000 59,000 72,000 307,000 74.000...
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 Firm C $ 572 000 $ 478.500 1 88,000 60,500 225,500 154,000 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 64,900 204,600 121,000 74,800 13,200 55,000...
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 $ 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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