Question
Assets Liabilities Beginning of Year: $26,000 $16,000 End of Year: $62,000 $25,000 1) What is the equity at the beginning of the year? Beginning Equity
Assets Liabilities Beginning of Year: $26,000 $16,000 End of Year: $62,000 $25,000 1) What is the equity at the beginning of the year? Beginning Equity 10000 2) What is the equity at the end of the year? Ending Equity 37000 3) If the company issues common stock of $5,500 and pay dividends of $36,700, how much is net income (loss)? Net Income (Loss) 4) If net income is $3,400 and dividends are $8,600, how much is common stock? Common Stock 5) If the company issues common stock of $15,500 and net income is $18,700, how much is dividends? Dividends 6) If the company issues common stock of $44,800 and pay dividends of $4,100, how much is net income (loss)? Net Income (Loss) 16400
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