What is the amount of equity on december 312012what is the

Reference no: EM13586257

The following financial statement information is from five separate companies:

	companyA	companyB	companyC	companyD	companyE
December 31, 2012
assets	$55000	34000	24000	60000	119000
liabilities	24500	21500	9000	40000	?
December 31, 2013
Assets	58000	40000	?	85000	113000
liabilities	?	26500	29000	24000	70000
during year 2013
owner investments	6000	1400	9750	?	6500
net income(loss)	8500	?	8000	14000	20000
owners cash withdrawals	3500	2000	5875	0	11000

1. Answer the following questions about company A:

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?

2. Answer the following questions about company B:

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 for year 2013?

3. Calculate the amount of assets for Company C on December 31, 2013

4 Culculate the amount of owner investments for company D during year 2013

5 Culculate the amount of liabilities for Company E on December 31, 2012

Reference no: EM13586257

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