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A corporation had the following assets and liabilities at the beginning and end of this year. 1.42 points Beginning of the year End of the
A corporation had the following assets and liabilities at the beginning and end of this year. 1.42 points Beginning of the year End of the year Assets $112,500 162,500 Liabilities $ 48,229 65,813 eBook 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 $1,150 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 $1,150 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Hint 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.) Print a. 65,813 $ $ $ C. 65,813 45,000 $ Beginning of the year-Equity Owner investments Dividend Net income (loss) End of the year-Equity b. 65,813 0 (13,800) 44,674 96,687 d. 65,813 35,000 (13,800) 9,674 96,687 01 30,874 96,687 (14,126) 96,687 | $ $ $ $
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