E2.4.Firm AFirm BFirm CTotal assets, 31/12/10$435,000$155,000 Total liabilities,...

Question

E2.4.Firm AFirm BFirm CTotal assets, 31/12/10$435,000$155,000 Total liabilities, 31/12/10$80,00075,000Paid-in capital, 31/12/1055,00059,00045,000Retained earnings, 31/12/10186,000Net income for 201068

E2.4.	Firm A	Firm B	Firm C
Total assets, 31/12/10	$435,000	$155,000
Total liabilities, 31/12/10	$80,000	75,000
Paid-in capital, 31/12/10	55,000	59,000	45,000
Retained earnings, 31/12/10	186,000
Net income for 2010	68,000	110,000	25,500
Dividends declared and	12,000	16,500
paid during 2010
Retained earnings, 1/1/10	50,000	124,000

005_o0y185k-w3apjgvq.docx

Robert · Accepted Answer

E2.4.  
 Firm A 
  
Firm B 
 
Firm C 
 Total assets, 31/12/10 241,000  $435,000  $155,000
 Total liabilities, 31/12/10 $80,000  190,000  75,000
 Paid-in capital, 31/12/10 55,000  59,000  45,000
 Retained earnings, 31/12/10 106,000  186,000  35,000
 Net income for 2010 68,000  110,000  25,500
 Dividends declared and  12,000  48,000  16,

E2.4.Firm AFirm BFirm CTotal assets, 31/12/10$435,000$155,000 Total liabilities, 31/12/10$80,00075,000Paid-in capital, 31/12/1055,00059,00045,000Retained earnings, 31/12/10186,000Net income for 201068...

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