Question
Beginning of year Assets 26,000 End of year Assets $61000 Beginning of year Liabilities $17,000 End of year Liabilities $25,000 1. What is equity at
Beginning of year Assets 26,000 End of year Assets $61000 Beginning of year Liabilities $17,000 End of year Liabilities $25,000 1. What is equity at the beginning of year? $9000 2. What is the equity at the end of the year? $36,000 3) If the company issues common stock of $6,800 and pay dividends of $36,200, how much is net income (loss)? $56,400 4) If net income is $2,000 and dividends are $8,100, how much is common stock? 5) If the company issues common stock of $17,400 and net income is $15,500, how much is dividends? 6) If the company issues common stock of $42,200 and pay dividends of $3,900, how much is net income (loss)?
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