FIB – 1 Question 7 (15 points) The information is provided in a table for Alpha Company and Bravo Company.

FIB – 1Question 7 (15 points)

The information is provided in a table for Alpha Company and Bravo Company.

Alpha Company

Bravo Company

Balance 12/31/15

     Assets

$65,000 

     Liabilities

$17,000 

     Equity

40,000 

55,000 

Balance 12/31/16

     Assets

90,000 

     Liabilities

26,000 

15,000 

     Equity

80,000 

75,000 

During the Year: 

     Additional Stock Issued

10,000 

     Dividends paid to shareholders

3,000 

5,000 

     Revenue

90,000 

     Expenses

65,000 

50,000 

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

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