Question
Jan. 1, 2017 total assets $150,000 Dec.31, 2017 total assets $175,000 Jan. 1, 2017 total liabilities $35,000 Dec. 31, 2017 total liabilities $145,000 Dividends declared
Jan. 1, 2017 total assets $150,000
Dec.31, 2017 total assets $175,000
Jan. 1, 2017 total liabilities $35,000
Dec. 31, 2017 total liabilities $145,000
Dividends declared for year $25,000
Dividends paid out for the year $37,500
No Par Common Stock Sold during year $10,000
Steps to find net income?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
0471347744, 978-0471347743
