The following financial statement information is from five separate companies:

Required
1. Answer the following questions about Company A:
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?
2. Answer the following questions about Company B:
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?
3. Calculate the amount of assets for Company C on December 31, 2011.
4. Calculate the amount of stock issuances for Company D during year 2011.
5. Calculate the amount of liabilities for Company E on December 31, 2010.

Transcribed Image Text:

Company Company Company Company Company December 31, 2010 $33,000 27,060 $25,740 18,018 $21,120 11,404 $58,740 40,530 $90,090 Liabilities... December 3, 2011 65,520 31,449 Assets 36,000 25,920 17,625 99,360 78,494 Liabilities . 1,818 During year 2011 9,750 (1,289) 5,875 6,500 7,348 11,000 Stock issuances 6,000 7,760 3,500 1,400 . . . 8,861 0 Cash dividends 2,000