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A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $123,000 181,000 Tablities $52,730 73,305 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.) b. d. Beginning of the year-Equity Owner Investments Dividend Net Income (oss) End of the year-Equity
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