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Acompary had the following assets and liabianies at the beginaing and end of this yeac. a. Owner made no investments in the business; and no
Acompary had the following assets and liabianies at the beginaing and end of this yeac. a. Owner made no investments in the business; and no dividends wore paid duting the yeat. b. Ownet matse no imestments in the business, and dividends paid were $10.200 during the year: c. No dividends were paid during the yeat, but the owrer ded irvest an addikanal $45.000 cash in exchange for common stock: d. Oivdends paid were $10,200 during the yea, and the owner did invest an additional $35.000 cash near year-erd in exchange for common stock. Determine net income or net ioss foe the business turing the year for each of the above separate cases (Decreases in equity shoukf be indicated wath a minus sign.) A company 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, and dividends poid were $10,200 during the year. 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 pald were $10,200 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate casos. (Decreases in equity should be indicated with a minus sign.)
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