The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the year then ended for three firms Required: Calculate the missing amounts for each firm. Total assets, 12/31/22 Total liabilibes, 12/31/22 Paid-in capital, 12/31/22 Retained earnings, 12/31/22 Net income for 2022 Dividends declared and paid during 2022 Retained earings, 1/1/22 Firm A $ 405,000 219,000 84,000 55,000 71,000 Firm B $530,000$ 138.000 305.000 88,000 17,000 Firm C 334,000 42,000 114,000 58,000 36.000
The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the year then ended for three firms Required: Calculate the missing amounts for each firm. Total assets, 12/31/22 Total liabilibes, 12/31/22 Paid-in capital, 12/31/22 Retained earnings, 12/31/22 Net income for 2022 Dividends declared and paid during 2022 Retained earings, 1/1/22 Firm A $ 405,000 219,000 84,000 55,000 71,000 Firm B $530,000$ 138.000 305.000 88,000 17,000 Firm C 334,000 42,000 114,000 58,000 36.000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9BE
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