What is the amount of liabilities on december

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Reference no: EM131827012

Problem - The following financial statement information is from five separate companies:

 

Company A

Company B

Company C

Company D

Company E

December 31, 2010

 

 

 

 

 

Assets

$35,000

$27,300

$22,400

$62,300

$95,550

Liabilities

28,700

19,110

12,096

42,987

?

December 31, 2011

 

 

 

 

 

Assets

38,000

27,360

?

69,160

104,880

Liabilities

?

18,604

12,475

33,196

82,855

During year 2011

 

 

 

 

 

Owner investment

6,000

1,400

9,750

?

6,500

Net income (loss)

8,300

?

(1,194)

9,651

7,415

Owner cash withdrawals

3,500

2,000

8,575

0

11,000

Required -

1. What is the amount of equity on December 31, 2011?

2. What is the amount of liabilities on December 31, 2011?

3. What is net income for year 2011?

4. Calculate the amount of assets for Company C on December 31, 2011.

5. Calculate the amount of owner investments for Company D during year 2011.

6. Calculate the amount of liabilities for Company E on December 31, 2010.

Reference no: EM131827012

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