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5. Please list formulas used Oriole Company had the following assets and liabilities on the dates indicated. Oriole began business on January 1,2021 , with
5. Please list formulas used
Oriole Company had the following assets and liabilities on the dates indicated. Oriole began business on January 1,2021 , with an investment of $92,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2021, assuming Oriole paid $20,000 in dividends for the year. Net income (loss) for 2021 (b) 202.2, assuming stockholders made an additional investment of $44,000 and Oriole paid no dividends in 2022. Net income (loss) for 2022 (c) 2023, assuming stockholders made an additional investment of $36,000 and Oriole paid dividends of $34,000 in 2023 . Net income (loss) for 2023 Step by Step Solution
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