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
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?
Step by Step Answer:
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta