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4. The following financial statement information is known about five separate companies: Company A Company B Company C Company D Company E December 31, 2001:
4. The following financial statement information is known about five separate companies: Company A Company B Company C Company D Company E December 31, 2001: Assets.. $55,000 $34,000, $24,000 $60,000, $119,000 Liabilities 24,500 21,500 9,000 40,000 ? December 31, 2002: Assets.. 58,000 40,000 ? 85,000 113,000 Liabilities ? 26,500 29,000 24,000 70,000 During year 2002 Stock issuances 6,000 1,400 9,750 ? 6,500 Net income. 8,500 ? 8,000 14,000 20,000 Cash dividends. 3,500 2,000 5,875 0 11,000 1. Answer the following questions about company A: (a) What is the equity amount on December 31, 2001? $31,000 (b) What is the equity amount on December 31, 2002? (c) What is the amount of liabilities on December 31, 2002? 2. Answer the following questions about company B: (a) What is the equity amount on December 31, 2001? (b) What is the equity amount on December 31, 2002? (c) What is the net income for year 2002? 3. Calculate the amount of assets for Company C on December 31, 2002. 4. Calculate the amount of stock issuance for Company D during year 2002. 5. Calculate the amount of liabilities for Company E on December 31, 2001
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