Question

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 $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 issuance Net income (2) Cash dividends 46,000 33,120 22,521 ? 15, 101 83,720 40,185 126,960 100,298 6,000 10,820 3,500 1,400 ? 2,000 9,750 5,700 5,875 2 13,911 0 6,500 8,776 11,000 Program: Respiratory Florida State College- Required: 1a. What is the amount of equity on December 31, 2018 for Company A. Assets Liabilities + Equity + 15. What is the amount of equity on December 31, 2019 for Company A. Statement of Shareholder's Equity Equity, December 31, 2018 Equity, December 31, 2019 1c. What is the amount of liabilities on December 31, 2019 for Company A. Assets Liabilities Equity +

answer 1a, 1b, 1c

Answer 1

la. We know that Assets = Liabilities+Equity Equity = Assets- Liabilities Equity = 41000-33620 Equity = 7380 Amount of equity on december 31,2018 Assets = Liabilities+Equity 41000=33620+7380 1b. Statement of shareholder's equity Equity, december 31 2018 $ 7,380 Add:Issuance $ 6,000 Add:Net Income $ 10,820 Less:Dividend $ -3,500 Equity, december 31 2019 $ 20,700 1c. We know that Assets = Liabilities+Equity Liabilities = Assets- Equity Liabilities =46000-20700 Liabilities =25300 Amount of equity on december 31,2019 Assets = Liabilities+Equity 41000 = 25300+20700