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The following financial statement Information Is from five separate companies:
The following financial statement Information Is from five separate companies:Company A Company B Company C Company D Company E
December 31, 2014
Assets $ 43,000 $ 33,540 $ 27,520 $ 76,540 $ 117,390
Liabilities 35,260 21,500 9,000 40,000 ?
December 31, 2015
Assets 46,000 33,120 ? 83,720 126,960
Liabilities ? 22,521 15,101 40,185 100,298
During year 2015
Owner investments 6,000 1,400 9,750 ? 6,500
Net income (loss) 10,460 ? -816 12,807 7,684
Owner cash withdrawals 3,500 2,000 5,875 0 11,000
1a. What is the amount of equity on December 31, 2014, for Company A?
1b. What is the amount of equity on December 31, 2015, for Company A?
1c. What is the amount of liabilities on December 31, 2015, for Company A?
2a. What is the amount of equity on December 31, 2014, for Company B?
2b. What is the amount of equity on December 31, 2015, for Company B?
2c. What is net income for year 2015 for Company B?
3. Calculate the amount of assets for Company C on December 31, 2015?
4. Calculate the amount of stock issuances for Company D during year 2015?
December 31, 2014?
5. Calculate the amount of liabilities for Company E on December 31, 2014?
December 31, 2015 Assets?
The accounting equationAssets= Liabilities + Equity can be used to determine a company's equity. The formula Liabilities + Equity = Assets can be used to determine a company's liabilities.For Business A: 1a. On December 31, 2014, equity totaled $7,740 (or $43,000 minus $35,260). 1b. On December 31, 2015, the equity was $23,479 ($46,000 minus $22,521). 1c. On December 31, 2015, liabilities totaled $9,101 (33,120 x $15,101 x $40,185 x $83,720).For Business B: 2a. On December 31, 2014, equity was $12,040 (33,540 minus $21,500). 2b. How much value on December 31, 2015 is $12,640 ($33,120 + $1,400 - $22,521). 2c. For the year 2015, Company B had a net loss of $816.3. How much resources for Organization C on December 31, 2015 is $27,520.4. How much stock issuances for Organization D during year 2015 isn't given in the budget summary.5. On December 31, 2014, Company E had liabilities totaling $100,298; on December 31, 2015, these liabilities totaled $100,585.Financial accounting classifies as an asset any resource that abusinessor other economic organisation owns or manages. Physical or intangible resources of any kind that may be used to produce positive economic value are considered. Assets are items that have amonetaryvalue and may be converted into other things, while money itself is also seen as an asset.An organization's balance sheet displays the asset's dollar value. It safeguards a person's or a business's cash and othervaluables. Assets may be classified into two basic categories: physical and intangible assets.Tangibleassets can be divided into current assets and fixed assets, among other classifications.Learn more aboutAssetshere:brainly.com/question/14392032#SPJ4...