Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

1a. What is the amount of equity at the beginning of the year for Company A?

1b. What is the amount of equity at the end of the year for Company A?

1c. What is the amount of liabilities at the end of the year for Company A?

1a What Is The Amount Of Equity At The Beginning Of The Year For Company A 1b What Is The Amount Of Equity At The End Of The Year For Company A 1c What Is The A class=

Sagot :

The amount of equity at the beginning of the year for Company A is $30,500.

The amount of equity at the end of the year for Company A is  $24,500.

The amount of liabilities at the end of the year for Company A is  $33,500.

What are the company's equity?

According to the accounting equation: Equity =  Assets - liabilities

Beginning of the year equity = $55,000 - $24,500 = $30,500

End of the year equity = beginning equity + net income + stock issuances - cash dividends

$30,500 - 8,500 + 6000 - 3,500 = $24,500

Ending liabilities = ending assets - ending equity

$58,000 - 24,500 = $33,500

To learn more about equity, please check: https://brainly.com/question/26210654

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.