Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the year Stock issuances Net income (loss) Cash dividends Problem 1-2A (Static) Parts 3-5 Company A $ 55,000 24,500 58,000 ? 6,000 8,500 3,500 Company B $ 34,000 21,500 40,000 26,500 1,400 ? 2,000 Company C $ 24,000 9,000 ? 29,000 9,750 8,000 5,875 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Company D $ 60,000 40,000 85,000 24,000 ? 14,000 0 Company E $ 119,000 ? 113,000 70,000 6,500 20,000 11,000
Problem 1-2A (Static) Computing missing information using accounting knowledge LO A1 [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Problem 1-2A (Static) Parts 3-5 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Compute the amount of assets for Company C at the end of the year. Compute the amount of stock issuances for Company D during the year. Compute the amount of liabilities for Company E at the beginning of the year
