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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 $83,000 134,500 Liabilities $35,582 54,473 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 $1,250 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 $1,250 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) a. b. C. d. $ 0 $ 0 $ 0 Beginning of the yearEquity Owner investments Dividends Net income (loss) End of the year-Equity 0 $ 0 $ 0
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