Question
Assets Liabilities Beginning of the year End of the year $ 50,500 103,500 $ 21,649 41,918 a. Owner made no investments in the business,
Assets Liabilities Beginning of the year End of the year $ 50,500 103,500 $ 21,649 41,918 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 paid were $18,000 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 paid were $18,000 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 cases: Note: Decreases in equity should be indicated with a minus sign. Beginning of the year-Equity Owner investments Dividends Net income (loss) End of the year-Equity b. C. d. $ 0 $ 0 $ 0 0 $ 0 $
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