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3 years ago

The following financial statement information is from five separate companies:

Business

1 answer:

Liono4ka [1.6K]3 years ago

8 0

Answer:

Company A , 1 amount of equity No information provided 2. $6,000 3 Amount of liabilities $ 5,000 ,Company B 1. Amount of equityNo information provided 2. Amount of equity $1,400 3. Statement of owners Equity for 2012 No information provided statements of owners Equity for 2013 $1,400, Company C 1. Asset ? 2. Statement of owners Equity for 2012 No information provided Statements of owners Equity owners investment $9,750, Net income $14,000 company D 1. Statement of owners Equity for 2012 No information provided 2. Statement of owners Equity for 2013 Net income $14,000, company E 1. Amount of liabilities $70,000 2. Statement of owners Equity for 2012 No information provided, Statement of owners Equity for 2013, owners investment $6,500, Net income $20,000

Explanation:

Company A

1 ?

2$6,000

3 Net income 8,500

Less cash withdrawal 3,500

---------

5,000

------------

Company B

1 ?

2 $1,400

3 ?

Statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013 owners investment $1,400

Company C

1 Asset ?

2 statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013

Owners investment 9,750

Net income. 14,000

Company D

1 Owners investment ?

2 statement of owners Equity for 2012 No information provided

3 statement of owners Equity

Net income $14,000

Company E

1 Liabilities for company E $70,000

2 statement of owners Equity for 2012 No information provided

Statement of owners Equity for 2013

Owners investment $6,500

Net income $20,000

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