Reference no: EM131695807
Question - The information is provided in a table for Alpha Company and Bravo Company.
Alpha Company Bravo Company Balance 12/31/15
Assets $60,000
Liabilities $15,000
Equity 43,600 32,000
Balance 12/31/16
Assets 70,000
Liabilities 18,400 20,000
Equity 90,000 50,000
During the Year:
Additional Stock Issued 10,000
Dividends paid to shareholders 3,000 5,000
Revenue 95,000
Expenses 59,000 60,000
What are the amounts for each of the following missing items?
1. Alpha Company's 12/31/15 Liabilities
2. Alpha Company's 12/31/16 Assets
3. Alpha Company's 12/31/16 Additional Stock Issued
4. Bravo Company's 12/31/15 Assets
5. Bravo Company's 12/31/16 Revenues