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Calculate the amount of liabilities for company

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Reference no: EM13893717

The following financial statement information is from five separate companies.

2140_267-B-A-A-C (2475) (1).png

Required:
1. Answer the following questions about Company V:
a. What is the amount of equity on December 31, 2012?
b. What is the amount of equity on December 31, 2013?
c. What is the net income or loss for the year 2013?
2. Answer the following questions about Company W:
a. What is the amount of equity on December 31, 2012?
b. What is the amount of equity on December 31, 2013?
c. What is the amount of liabilities on December 31, 2013?
3. Calculate the amount of owner investments for Company X during 2013.
4. Calculate the amount of assets for Company Y on December 31, 2013.
5. Calculate the amount of liabilities for Company Z on December 31,2012. 

Reference no: EM13893717

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