Question
Given the information below, what is the net income for 2012 if thecompany declared and paid a $50,000 dividend? Balance Sheet12/31/201112/31/2012 Assets$928,000$987,000 Liabilities354,000383,000 Common Stock400,000410,000
Given the information below, what is the net income for 2012 if thecompany declared and paid a $50,000 dividend?
Balance Sheet12/31/201112/31/2012
Assets$928,000$987,000
Liabilities354,000383,000
Common Stock400,000410,000
Additional Paid In Capital52,00060,000
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
