The following financial statement information is from five separate companies Requirement 1: Answer the following questions about

Question:

The following financial statement information is from five separate companies


The following financial statement information is from five separate companies


Requirement 1:
Answer the following questions about Company A (Omit the "$" sign in your response):
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is the amount of liabilities on December 31, 2011?
Requirement 2:
Answer the following questions about Company B (Omit the "$" sign in your response):
a. What is the amount of equity on December 31, 2010?
b. What is the amount of equity on December 31, 2011?
c. What is net income for year 2011?
Requirement 3:
Answer the following questions about Company C (Omit the "$" sign in your response):
a. What is the amount of equity on December 31, 2011?
b. What is the amount of assets on December 31, 2011?
Requirement 4:
Answer the following questions about Company D (Omit the "$" sign in your response):
a. What is the amount of stock issuances on December 31, 2011?
b. What is the amount of equity on December 31, 2011?
Requirement 5:
Answer the following questions about Company E (Omit the "$" sign in your response):
a. What is the amount of equity on December 31, 2010?
b. What is the amount of liabilities on December 31,2010?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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