Smith had no stock transactions in 2 0 2 1 , so the change in stockholders'

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Question:

Smith had no stock transactions in

2021,

so the change in stockholders' equity for

2021

was due to net income and dividends. If dividends were $

50, 000,

how much was Smith's net income for

2021 ?

Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Posted Date: Jan 27, 2024 11:59 AM

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Smith had no stock transactions in 2 0 2 1 , so the change in stockholders'

Question:

Expert Answer:

To calculate Smiths net income for 2021 we need to use the formula Net Income Chang... View the full answer

Financial Accounting

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