Chap 1

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Temple University *

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5001

Subject

Business

Date

Jan 9, 2024

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docx

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12

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References Explanation Company A: a. Equity at beginning of year: Assets Liabilities Equity b. Equity at end of year: Equity, beginning of year Plus stock issuances Plus net income Less cash dividends Equity, end of year c. Liabilities at end of year: Assets, Equity Liabilities $ 39,000 (31,%80) $ 7,020 57,020 6,000 10,280 (3,500) $ 19,800 $ 44,000 (19,800) $ 24,200 Prey
2 Part20r3 2020 points awarded References Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Beginning of year Assets s 39,000 Lisbilities 31,380 End of year Assets 4,000 Lisbilities 2 Changes guring the year Stock issuances 6,000 et incone (loss) 10,280 Cash dividends 3,508 Company B Company C $30,420 24,90 21,208 13,478 31,688 > 21,582 14,445 1,408 9,750 ? 7,200 2,008 5,875 Company D $ 69,420 47,358 80,050 38,438 13,121 ° Company E $ 106,470 121,420 55,037 6,500 8,709 11,800 2a. What is the amount of equity at the beginning of the year for Company B? 2b. What is the amount of equity at the end of the year for Company B? 2c. Compute the netincome of the year for Company B. Complete this question by entering your answers in the tabs below. Required 24 | Required 28 | Required 2C What s the amount of equity at the beginning of the year for Company B7 Liabilities |+ Equity 5 30420@ = 5 21204@ s 912 Required 28 >
Explanation Company B: e.andb. Beginning Equity: Assets 5 30,42 Liabilities (21,294) Equity $ 9,126 < Net income for year Equity, beginning of year Plus stock issuances Plus net income Less cash dividends Equity, end of year Thersfore, net income must have been 1612 Ending $ 31,680 (21,562) s 10,138 $ 9,12 1,400 (2,000) $ 10,138
[The following information applies to the questions displayed below.] #3013 — The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E 20 Beginning of year s awarded Assets, $39,000 30,42 524,90 569,420 § 106,470 Lisbilities S8 21,24 13,478 47,89 : End of year Assets) 4,000 31,680 > 80,080 121,84 Lisbilities ? 25 14,5 38,438 5,037 Changes during the year Stock issuances 6,000 1,400 9,750 > 6,500 Net income (loss) 10,280 > 7,00 13,121 8,709 Cash dividends 3,500 2,000 5,875 o 11,000 b= Pt 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. serences Complete this question by entering your answers in the tabs below. Required 3 | Requied4 Required 5 Compute the amount of assets for Company C at the end of the year. Beginning of Year Equy beginning of s 1420 Add: Stockissuances @ 9750 @ Add Netincome @ 7200 243 Less: Cash dvidends @ 5650 Equiy,end ofyear YEL) End of Year T
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