Question

value 0.30 points Exercise 2-19 Analyzing changes in a company's equity LO P3 Compute the missing amount for each of the following separate companies a through d. (Losses and amounts to be deducted should be indicated with a minus sign.) (a) (b) (c) (d) 0 $ $ 93,000 Equity, December 31, 2014 Owner investments for stock during the year Dividends during the year Net income (loss) for the year Equity, December 31, 2015 0 85.725 (9,000) (5.000) 2 02 410 (55,000) (55.000) 37. 150 92.150 89,000 95,000 $ $ 102 410 e D G

Answer 1

Solution: wokring: a Dividend=Equity at Dec 31, 2015-Net income-Investment-Equity at Dec 31, 2014 95000-89000-93000 -87000 Equity, Dec 31, 2014 owner investments for stocks during the year Dividends during the year Net income (Loss) for the year Equity, Dec 31,2015 0 0 0 93000 110000 b 85725 -87000 a -55000 | -9000 89000 37150 -5000 95000 92150 71725 0 202410 -55000 -45000 d 102410 110000 bInvestment=Equity at Dec 31.2015-net income+Dividend-Equity at Dec 31,2014 92150-37150+55000 71725 C Equity at Dec 31,2015=-Equity at Dec 31,2014+Investment-Dividend+Net income 10+85725-9000-5000 -45000 dNet income=Equity at Dec 31,2015+Dividend-investment-Equity at Dec 31, 2014 102410+55000-202410 4 Sheet135 Sheet136 Sheet137Sheet138 Sheet139 Sheet140 Sheet141 Sheet142 Sheet143 14 " ENG US 11:59 08/11/2019