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Not sure how to finish the rest of this. Please help? Return to question 12 A company had the following assets and liabilities at the
Not sure how to finish the rest of this. Please help?
Return to question 12 A company had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $ 115,800 175,800 Liabilities $ 49,301 70,875 points a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, and dividends paid were $12,000 during the year. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash In exchange for common stock. d. Dividends paid were $12.000 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) Answer is not complete. d. $ 65,699 $ 65,699 65,699 $ 65,699 Beginning of the year-Equity Owner Investments Dividends Net income (loss) End of the year-Equity 38,426 104,125$ $ 104,125 S 104,125 $ 104,125Step by Step Solution
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