Question

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 1,400 2 2,000 9,750 5,700 5,875 2 13,911 0 6,500 8,776 11,000 4. Compute the amount of stock issuances for Company D during year 2019. December 31, 2018 Assets Liabilities + Equity $ + 0 December 31, 2019 Assets Liabilities + Equity $ + 0

Answer 1

1. Summary -

Company D $ 72,980 $ 50,356 December 31, 2018 Assets Liabilities December 31, 2019 Assets Liabilities During Year 2019 Stock Issuance Net Income (Loss) Cash Dividends $ 83,720 $ 40,185 $ 7,000 $ 13,911 $

2. Company D (2018) -

Company D (2018) Liabilities $ 50,356 Assets $ 72,980 + Equity $ 22,624 +

3. Company D (2019) -

Company D (2019) Liabilities $ 40,185 Assets $ 83,720 + Equity $ 43,535 +

4. Statement of Shareholder's Equity -

Statement of Shareholder's Equity Equity December 31, 2018 $ 22,624 (+) Stock Issuance $ 7,000 (+) Net Income $ 13,911 (-) Dividend $ Equity December 31, 2019 $ 43,535