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36. Presented below are data for Caracas Corp. 2013 2014 Assets, January 1 $4,560 ? Liabilities, January 1 ? $2,736 Stockholders' Equity, Jan. 1 ?
36. Presented below are data for Caracas Corp. 2013 2014 Assets, January 1 $4,560 ? Liabilities, January 1 ? $2,736 Stockholders' Equity, Jan. 1 ? 2,750 Dividends 570 646 Common Stock 608 650 Stockholders' Equity, Dec. 31 ? 2,166 Net Income 684 ? Net income for 2014 is A) $584 income. B) $584 loss. C) $62 loss. D) $62 income
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
