Question
ces A corporation had the following assets and liabilities at the beginning and end of this year. Liabilities Beginning of the year Assets $131,000
ces A corporation had the following assets and liabilities at the beginning and end of this year. Liabilities Beginning of the year Assets $131,000 End of the year 186,500 $56,160 75,533 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 $1,200 cash per month. 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 were $1,200 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: (Decreases in equity should be Indicated with a minus sign.) Beginning of the year-Equity Owner investments Dividend Net income (loss) a. b. $ 0 $ 0 $ End of the year-Equity $ 0 $ 0 $ d.
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