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I need help please! I do not know how to find the net income for year 2017 for Company B. Your answer will be liked
I need help please! I do not know how to find the net income for year 2017 for Company B. Your answer will be liked immediately as well. The following financial statement information is from five separate companies: Company Company Company Company A B D Company E $55,000 $34,000 $24,000 $60,000 $119,000 24,500 21,500 9,000 40,000 ? December 31, 2016 Assets Liabilities December 31, 2017 Assets Liabilities During year 2017 Stock issuances Net income (loss) Cash dividends 58,000 ? 40,000 26,500 ? 29,000 85,000 24,000 113,000 70,000 6,000 8,500 3,500 1,400 ? 2,000 9,750 8,000 5,875 14,000 6,500 20,000 11,000 2c. What is net income for year 2017 for Company B. Statement of Shareholder's Equity Equity, December 31, 2016 $ Add: Net income 12,500 Add: Stock issuances 1,400 13,900 Less: Cash dividends 2,000 Equity, December 31, 2017 $ 13,500
I need help please! I do not know how to find the net income for year 2017 for Company B. Your answer will be liked immediately as well.
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