Hernandez Enterprises had a stockholders' equity balance of ($ 158,000) at the beginning of the period. At

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Hernandez Enterprises had a stockholders' equity balance of $\$ 158,000$ at the beginning of the period. At the end of the accounting period, the balance was $\$ 198,000$.

(a) Assuming no additional issuances of common stock or payment of dividends during the period, what is the net income for the period?

(b) Assuming no additional issue of common stock but dividends of $\$ 13,000$ during the period, what is the net income for the period?

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 12, 2024 10:12 AM

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Hernandez Enterprises had a stockholders' equity balance of ($ 158,000) at the beginning of the period. At

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Financial Accounting Tools For Business Decision Making

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