Exercise

The owner of Enviro has hired you to analyze her company’s performance and financial position, as well as the positions of its competitors, GoSolar and Eco-Star. However, the data that Enviro obtained is incomplete and is shown in the following Tableau Dashboard.

1. Using the accounting equation data, compute the missing amounts for each company.
a. Enviro Assets
b. GoSolar Liabilities
c. Eco-Star Equity 

2. Which of the following accounts of Eco-Star would be considered an asset?
a. Land
b. Notes Payable
c. Consulting Revenue
d. Rent Expense

3. Which of the following accounts of Eco-Star would be considered a liability?
a. Inventory
b. Accounts payable
c. Cash
d. Wages expense