| Company v | Company W | Company X | Company Y | Company Z |
December 31, 2010 |
|
|
|
|
|
Assets | $45,000 | $70,000 | $121,500 | $82,500 | $124,000 |
Liabilities | 30,000 | 50,000 | 58,500 | 61,500 | ? |
December 31, 2011 |
|
|
|
|
|
Assets | 49,000 | 90,000 | 136,500 | ? | 160,000 |
Liabilities | 26,000 | ? | 55,500 | 72,000 | 52,000 |
During year 2011 |
|
|
|
|
|
Stock issuances | 6,000 | 10,000 | ? | 38,100 | 40,000 |
Net income or (loss) | ? | 30,000 | 16,500 | 24,000 | 32,000 |
Cash dividends | 4,500 | 2,000 | 0 | 18,000 | 6,000 |
Required
1. Answer the following questions about Company V:
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 net income or loss for the year 2011?
2. Answer the following questions about Company W:
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?
3. Calculate the amount of stock issuances for Company X during 2011.
4. Calculate the amount of assets for Company Y on December 31, 2011.
5. Calculate the amount of liabilities for Company Z on December 31, 2010.
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