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Net Income and Stockholders' Equity for Four Business Four different corporations, Arles, Gemini, Leo, and Places, show the same balance sheet data at the beginning
Net Income and Stockholders' Equity for Four Business Four different corporations, Arles, Gemini, Leo, and Places, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders equity, are summarized as follows: Total Assets Total Liabilities Beginning of the year 5110,700 544,300 End of the year $177,100 $74,400 On the basis of the above data and the following additional information for the year, determine the net income (or Joss) of each company for the year. (Hint: First determine the amount of increase or decrease in stockholders' equity during the year) Aries No additional common stock was issued, and no dividends were paid Gemini No additional common stock was issued, but dividends of $8,300 were paid Leo Additional common stock of $28,200 was issued, but no dividends were paid Pisces: Additional common stock of $25,600 was issued, and dividends of $9,400 were paid Aries Net Income 0 X Gemini Net Income 17.700 x 17,700 x Leo Net Income Net Income Pisos Tak Och Work Consider the act that is dividends and income on the stockholders' capital account Leaming
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