Please help with the following question and explain your wor

Please help with the following question and explain your works. Thank you very much!

7.The information is provided in a table for Alpha Company and Bravo Company. Alpha Compan Bravo Compan Balance 12/31/15 $605,000 Assets Liabilities Equit $142,000 436,000 305,000 Balance 12/31/16 Assets Liabilities Equi 610,000 170,000 440,000 184,000 460,000 During the Year: 100,000 90,000 Additional Stock Issued Dividends paid to shareholders Revenue Expenses 60,000 655,000 590,000 620,000 What are the amounts for each of the following missing items?

Solution

1) Alpha company\'s 12/31/15 Liabilities = 605000-436000 = $169000

2) Alpha company\'s 12/31/16 Assets = 184000+460000 = $644000

3) Alpha company\'s 12/31/16 additional stock issued = 436000+65000-60000-460000 = $19000

4) Bravo Company\'s 12/31/15 Assets = 142000+305000= $447000

5) Bravo company\'s 12/31/16 revenue =

Net income = 305000+100000-90000-440000 = 125000

Revenue = 620000+125000 = $745000

Bravo company\'s 12/31/16 revenue = $745000

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