Final answer:
The financial statement data for Ecco Company includes total assets of 130 and total liabilities and equity of 330 as of December 31.
Step-by-step explanation:
Financial Statement Data for Ecco Company
The financial statement data at December 31 for Ecco Company given the following information:
Assets -
reserves: 30
bonds: 50
loans: 50
Liabilities -
deposits: 300
Equity: 30
To present this in a typical financial statement format, we'd display it as:
Assets:
Reserves: 30
Bonds: 50
Loans: 50
Total Assets: 130
Liabilities and Equity:
Deposits: 300
Equity: 30
Total Liabilities and Equity: 330
Here, the total assets are 130, which are comprised of reserves, bonds, and loans. The total liabilities and equity are 330, combining the deposits with the equity held by the company. This basic breakdown helps to understand a company's financial position at a specific point in time.