The following financial statement information is from five separate companies. Required 1. Answer the following questions about
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1. Answer the following questions about Company A.
a. What is the amount of equity on December 31, 2016?
b. What is the amount of equity on December 31, 2017?
c. What is the amount of liabilities on December 31, 2017?
2. Answer the following questions about Company B.
a. What is the amount of equity on December 31, 2016?
b. What is the amount of equity on December 31, 2017?
c. What is net income for year 2017?
3. Compute the amount of assets for Company C on December 31, 2017.
4. Compute the amount of owner investments for Company D during year 2017.
5. Compute the amount of liabilities for Company E on December 31, 2016.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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