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3 A corporation had the following assets and liabilities at the beginning and end of this year. Liabilities Beginning of the year End of the
3 A corporation had the following assets and liabilities at the beginning and end of this year. Liabilities Beginning of the year End of the year Assets $ 89,000 135,000 $38,154 54,675 125 points Check my work Block Prim a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $650 cash per month. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock d. Dividends were $650 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases (Decreases in equity should be indicated with a minus sign.) Beginning of the year-Equity $ Owner investments 50,846 $ 50,846 $ 50,846 $ 50,846 45,000 35,000 of 0 Dividend Net income (loss) End of the year-Equity $ 0 $ 0 $
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