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Exercise 1-10 Tamarisk, Inc. had the following assets and liabilities on the dates indicated. December 31 2019 Total Assets $456,000 $536,000 $666,000 Total Liabilities $156,000
Exercise 1-10 Tamarisk, Inc. had the following assets and liabilities on the dates indicated. December 31 2019 Total Assets $456,000 $536,000 $666,000 Total Liabilities $156,000 $206,000 $306,000 2020 2021 Tamarisk, began business on January 1, 2019, with an investment of $98,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2019, assuming Tamarisk, paid $23,000 in dividends for the year. Net income (loss) for 2019 (b) 2020, assuming stockholders made an additional investment of $48,000 and Tamarisk, paid no dividends in 2020. Net income (loss) for 2020 $ (c) 2021, assuming stockholders made an additional investment of $20,000 and Tamarisk, paid dividends of $16,000 in 2021. Net income (loss) for 2021 $ LINK TO TEXT
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