The following financial statement information is from five separate companies.

Required
1. Answer the following questions about Company V:
a. What is the amount of equity on December 31, 2015?
b. What is the amount of equity on December 31, 2016?
c. What is the net income or loss for the year 2016?
2. Answer the following questions about Company W:
a. What is the amount of equity on December 31, 2015?
b. What is the amount of equity on December 31, 2016?
c. What is the amount of liabilities on December 31, 2016?
3. Calculate the amount of stock issuances for Company X during 2016.
4. Calculate the amount of assets for Company Y on December 31, 2016.
5. Calculate the amount of liabilities for Company Z on December 31, 2015.

Transcribed Image Text:

Company Company Company Company Company December 31, 2015 $54,000 25,000 $80,000 60,000 Assets $141,500 68,500 $92,500 51,500 $144,000 December 31, 2016 Assets 59,000 36,000 100,000 186,500 65,800 170,000 42,000 Llabllitles 42,000 During year 2016 5,000 60,000 32,000 8,000 Stock Issuances Net Income or (loss) Cash dividends 20,000 40,000 2,000 48,100 24,000 20,000 18,500 5,500