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I am not sure if I am doing this right. auon and payment of dividends during the year ended January 31, 2017, follow Read the
I am not sure if I am doing this right.
auon and payment of dividends during the year ended January 31, 2017, follow Read the requirements Begin by reviewing the labels for the change in stockholders equity and then enter the amounts for each when there is no amount to be entered Enter amounts in millions Use a minus sign or pa situation. (Enter an amount in each input area Input a "O rentheses when entering net losses or numbers to be subracted Situation #1 Situation #2 Situation #3 Total stockholders' equity, January 31, 2016 Add Issuance of stock Net income 87 Less. Dividends declared 27 Net loss Data Table Total stockholders' equity, January 31, 2017 2016 Requirements Total assets S79 24 19 For each situation, use the accounting equation and the statement of retained earnings to compute the amount of Nelly's net income or net loss during the year ended January 31, 2017 1. Nelly issued $7 million of stock and declared no dividends 2. Nelly issued no stock but declared dividends of 58 million 3. Nelly issued $55 million of stock and declared dividends of $27 million Print Done FundoStep by Step Solution
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