Homework Answers
| Company E | |||||
| December 31, 2016 | |||||
| Assets | = | Liabilities | + | Equity | |
| $ 1,19,000 | = | Liabilities | + | $ 27,500 | |
| Liabilities | = | $ 91,500 | |||
| Workings: | |||||
| Equity | |||||
| Ending balance | = | $ 43,000 | |||
| Add: | Withdrawals | = | $ 11,000 | ||
| Less: | Additional Investment | = | $ -6,500 | ||
| Less: | Net Income | = | $ -20,000 | ||
| Beginning balance | = | $ 27,500 | |||
| December 31, 2017 | |||||
| Assets | = | Liabilities | + | Equity | |
| $ 1,13,000 | = | $ 70,000 | + | Equity | |
| Equity | = | $ 43,000 |
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the
following financial statement information is from five separate
companies
Required information [The following infortion plies...
Required information (The following information applies to the questions displayed below.) The following financial statement information...
Required information (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company с Company D $119,000 $55,000 24,500 $34,000 21,500 $24,000 9.000 $60,000 40,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Owner investments Net income (loss) Owner cash withdrawals 58,000 40,000 26,500 2 29,000 85,000 24,000 113,000 70,000 1,400 6,000 8,500 3,500 9,750 8,000 5,875 14,000 0 6,500 20,000 11,000 2,000...
Required information (The following information applies to the questions displayed below.) The following financial statement information...
Required information (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company А Company B Company с Company D Company E $41,000 33,620 $31,980 22, 386 $26,240 14,169 $72,980 50, 356 $ 111,930 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 46,000 ? 33, 120 22,521 2 15, 101 83,720 40,185 126,960 100, 298 6,000 10,820 3,500...
Required information [The following information applies to the questions displayed below.] The following financial statement information...
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E December 31, 2018 Assets $ 44,000 $ 34,320 $ 28,160 $ 78,320 $ 120,120 Liabilities 36,080 24,024 15,206 54,040 ? December 31, 2019 Assets 49,000 35,280 ? 89,180 135,240 Liabilities ? 23,990 16,086 42,806 106,839 During year 2019 Stock issuances 6,000 1,400 9,750 ? 6,500 Net income (loss) 11,630...
Required information [The following information applies to the questions displayed below.) The following financial statement information...
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company A Company B Company с Company D Company E $37,000 30,340 $28,860 20,202 $23,680 12,787 $65,860 45,443 $101,010 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 42,000 2 30, 240 20,563 2 13, 788 76,440 36,691 115,920 91,576 6,000 9,740 3,500 1,400 ? 2,000 9,750...
What is net income for year 2017 for Company B Required information [The following information applies...
What is net income for year 2017 for Company B
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company Company $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,666 57,725 $128,310 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 50,000 36,000 24,480 16,415 91,000 43,689 138,000 109,020 1,400 6,000 11,540 3,500 9,750 (627) 5,875...
Please please some one help me The following financial statement information is from five separate companies....
Please please some one help me The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E December 31, 2018 Assets $ 40,000 $ 31,200 $ 25,600 $ 71,200 $ 109,200 Liabilities 32,800 21,840 13,824 49,127 ? December 31, 2019 Assets 45,000 32,400 ? 81,900 124,200 Liabilities ? 22,032 14,773 39,312 98,118 During year 2019 Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 10,550 ? 7,400 13,515 8,742 Owner...
5 The following financial statement information is from five separate companies: Company Company Company Company Company...
5 The following financial statement information is from five separate companies: Company Company Company Company Company Part 5 of 5 December 31, 2008 $38,000 $29,640 $24,320 $67640 $103,740 Assets Liabilities 31,160 20,74813,132 46,671 2 December 31, 2009 74,620 113160 ? 20,073 13.460 35,817 89,396 41,000 29,520 Assets Liabilities During year 2009 eBook 6,500 7,516 0 11,000 6,0001,4009,750 Owner investments Net income (loss) Owner cash withdrawals 1,053 10,834 9,110 3,5002.000 Print 5,875 Requirement 5: Answer the ollowing questions about Company E...
The following financial statement information is from five separate companies. Company A Company B Company C...
The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E December 31, 2018 Assets $ 40,000 $ 31,200 $ 25,600 $ 71,200 $ 109,200 Liabilities 32,800 21,840 13,824 49,127 ? December 31, 2019 Assets 45,000 32,400 ? 81,900 124,200 Liabilities ? 22,032 14,773 39,312 98,118 During year 2019 Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 10,550 ? 7,400 13,515 8,742 Owner cash withdrawals 3,500 2,000 5,875 0...
D Required information [The following information applies to the questions displayed below.) The following financial statement...
D Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company B с December 31, 2018 Assets $41,000 $31,980 $26,240 $72,980 $111,930 Liabilities 33,620 22,386 14,169 50,356 2 December 31, 2019 Assets 46,000 33,120 83, 720 126,960 Liabilities 22,521 15,101 40,185 100, 298 During year 2019 Stock issuances 6,000 1,400 9,750 6,500 Net income (loss) 10,820 5,700 13,911 8,776 Cash dividends 3,500 2,000 5,875...
Please please i seriously need help The following financial statement information is from five separate companies....
Please please i seriously need help The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E December 31, 2018 Assets $ 40,000 $ 31,200 $ 25,600 $ 71,200 $ 109,200 Liabilities 32,800 21,840 13,824 49,127 ? December 31, 2019 Assets 45,000 32,400 ? 81,900 124,200 Liabilities ? 22,032 14,773 39,312 98,118 During year 2019 Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 10,550 ? 7,400 13,515 8,742 Owner...
Required information (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company с Company D $119,000 $55,000 24,500 $34,000 21,500 $24,000 9.000 $60,000 40,000 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Owner investments Net income (loss) Owner cash withdrawals 58,000 40,000 26,500 2 29,000 85,000 24,000 113,000 70,000 1,400 6,000 8,500 3,500 9,750 8,000 5,875 14,000 0 6,500 20,000 11,000 2,000...
Required information (The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company А Company B Company с Company D Company E $41,000 33,620 $31,980 22, 386 $26,240 14,169 $72,980 50, 356 $ 111,930 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 46,000 ? 33, 120 22,521 2 15, 101 83,720 40,185 126,960 100, 298 6,000 10,820 3,500...
Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company A Company B Company с Company D Company E $37,000 30,340 $28,860 20,202 $23,680 12,787 $65,860 45,443 $101,010 ? December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During year 2019 Stock issuances Net income (loss) Cash dividends 42,000 2 30, 240 20,563 2 13, 788 76,440 36,691 115,920 91,576 6,000 9,740 3,500 1,400 ? 2,000 9,750...
What is net income for year 2017 for Company B
Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company Company Company Company Company $47,000 38,540 $36,660 25,662 $30,080 16,243 $83,666 57,725 $128,310 December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 50,000 36,000 24,480 16,415 91,000 43,689 138,000 109,020 1,400 6,000 11,540 3,500 9,750 (627) 5,875...
5 The following financial statement information is from five separate companies: Company Company Company Company Company Part 5 of 5 December 31, 2008 $38,000 $29,640 $24,320 $67640 $103,740 Assets Liabilities 31,160 20,74813,132 46,671 2 December 31, 2009 74,620 113160 ? 20,073 13.460 35,817 89,396 41,000 29,520 Assets Liabilities During year 2009 eBook 6,500 7,516 0 11,000 6,0001,4009,750 Owner investments Net income (loss) Owner cash withdrawals 1,053 10,834 9,110 3,5002.000 Print 5,875 Requirement 5: Answer the ollowing questions about Company E...
D Required information [The following information applies to the questions displayed below.) The following financial statement information is from five separate companies. Company Company Company Company Company B с December 31, 2018 Assets $41,000 $31,980 $26,240 $72,980 $111,930 Liabilities 33,620 22,386 14,169 50,356 2 December 31, 2019 Assets 46,000 33,120 83, 720 126,960 Liabilities 22,521 15,101 40,185 100, 298 During year 2019 Stock issuances 6,000 1,400 9,750 6,500 Net income (loss) 10,820 5,700 13,911 8,776 Cash dividends 3,500 2,000 5,875...
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