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Homework answers / question archive / The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms

The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms

Accounting

The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A 56,000 38,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid in capital, 12/31/19 Rolained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Ratamod earnings 1/1/19 Firm B Firm $ 304,500 $ 364,000 143,500 41,300 98,000 130 200 77.000 56,700 19,600 86 300 47.000 8.400 35.000

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