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At the end of 2 0 2 4 , Sol Company reported the following amounts on its balance sheet: Cash $ 2 7 , 6
At the end of Sol Company reported the following amounts on its balance sheet:
Cash
$
Accounts receivable
Equipment
Land
Accounts payable
Common stock
Retained earnings
Answer each of the following independent questions:
A Assume that Sols stockholders equity on January was $ Sol did not issue common stock during the year, but it paid $ cash in dividends. How much is Sols net income or loss for
B Assume that Sols stockholders equity on January was $ and that Sol issued additional common stock of $ and paid $ in cash dividends before the end of What was Sols net income or loss for
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