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A corporation had the following assets and liabilities at the beginning and end of this year. a . Owner made no investments in the business,
A corporation had the following assets and liabilities at the beginning and end of this year.
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 $ cash per month.
c No dividends were paid during the year, but the owner did invest an additional $ cash in exchange for common stock.
d Dividends were $ cash per month, and the owner invested an additional $ 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.
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