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CACILIDE 4-24 (MIYU) Computing net income LUFT A company had the following assets and liabilities at the beginning and end of this year. Liabilities
CACILIDE 4-24 (MIYU) Computing net income LUFT A company had the following assets and liabilities at the beginning and end of this year. Liabilities Beginning of the year End of the year Assets $ 128,000 173,000 $ 54,874 70,065 ces a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $500 cash per month., c. No dividends were paid during the year, but the owney did invest an additional $45,000 cash in exchange for common stock. d. Dividends were $500 cash per month, and the owner invested an additional $35,000 cash 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 b. d. $ 0 $ 0 $ 0 Owner investments Dividend Net income (loss) End of the year-Equity $ 0 $ 0 $ 0
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