What is the amount of equity on december 31, 2010, Accounting Basics

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What is the amount of equity on december 31, 2010

The following financial statement information is from five separate companies:

Company
A Company
B Company
C Company
D Company
E
December 31, 2010
Assets $48,000 $37,440 $30,720 $85,440 $131,040
Liabilities 39,360 26,208 16,588 58,953 ?
December 31, 2011
Assets 51,000 36,720 ? 92,820 140,760
Liabilities ? 24,969 16,743 44,553 111,200
During year 2011
Stock issuances 6,000 1,400 9,750 ? 6,500
Net income (loss) 11,810 ? -580 14,780 7,852
Cash dividends 3,500 2,000 5,875 0 11,000

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?

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Accounting Basics: What is the amount of equity on december 31, 2010

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Recent Questions Asked Accounting Basics

Q : Holding down value of currencies through foreign exchange

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Q : Barbara basis for her acme securities

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Accounting Basics: What is the amount of equity on december 31, 2010

Reference No:- TGS054729

Recent Questions Asked Accounting Basics

Q : Holding down value of currencies through foreign exchange

Q : Dividing estimated annual overhead

Q : Calculating firm inventory conversion period

Q : Barbara basis for her acme securities

Q : What is the amount of equity on december 31, 2010

Q : Find sum of consumer and producer surplus for case

Q : Prepare the entry to record farrin investment

Q : Depreciation and amortization of delescio

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