Problem 1-2A Computing missing information using accounting knowledge LO A1, P1

[The following information applies to the questions displayed below.]

The following financial statement information is from five separate companies:

	Company A	Company B	Company C	Company D	Company E
December 31, 2014
Assets	$	55,000		$	34,000		$	24,000		$	60,000		$	119,000
Liabilities		24,500			21,500			9,000			40,000			?
December 31, 2015
Assets		58,000			40,000			?			85,000			113,000
Liabilities		?			26,500			29,000			24,000			70,000
During year 2015
Stock issuances		6,000			1,400			9,750			?			6,500
Net income (loss)		8,500			?			8,000			14,000			20,000
Cash dividends		3,500			2,000			5,875			0			11,000

References Section BreakProblem 1-2A Computing missing information using accounting knowledge LO A1, P1

15. value:

1.00 points Required information

Problem 1-2A Part 1

Required:

1-a.	What is the amount of equity on December 31, 2014 for Company A?

1-b.	What is the amount of equity on December 31, 2015 for Company A?

1-c.	What is the amount of liabilities on December 31, 2015 for Company A?

References eBook & Resources Expanded tableDifficulty: 2 MediumLearning Objective: 01-P1 Analyze business transactions using the accounting equation.Problem 1-2A Part 1Learning Objective: 01-A1 Define and interpret the accounting equation and each of its components.Check my work

16. value:

1.00 points Required information

Problem 1-2A Part 2

2-a.	What is the amount of equity on December 31, 2014 for Company B?

2-b.	What is the amount of equity on December 31, 2015 for Company B?

2-c.	What is net income for year 2015 for Company B?

References eBook & Resources Expanded tableDifficulty: 2 MediumLearning Objective: 01-P1 Analyze business transactions using the accounting equation.Problem 1-2A Part 2Learning Objective: 01-A1 Define and interpret the accounting equation and each of its components.Check my work

17. value:

1.00 points Required information

Problem 1-2A Part 3

3.	Calculate the amount of assets for Company C on December 31, 2015.

References eBook & Resources Expanded tableDifficulty: 2 MediumLearning Objective: 01-P1 Analyze business transactions using the accounting equation.Problem 1-2A Part 3Learning Objective: 01-A1 Define and interpret the accounting equation and each of its components.Check my work

18. value:

1.00 points Required information

Problem 1-2A Part 4

4.	Calculate the amount of stock issuances for Company D during year 2015.

References eBook & Resources WorksheetDifficulty: 2 MediumLearning Objective: 01-P1 Analyze business transactions using the accounting equation.Problem 1-2A Part 4Learning Objective: 01-A1 Define and interpret the accounting equation and each of its components.Check my work

19. value:

1.00 points Required information

Problem 1-2A Part 5

5.	Calculate the amount of liabilities for Company E on December 31, 2014.