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Shep Company's records show the following information for the current year: 0 Total assets Total liabilities Beginning of year $ 52,800 End of year
Shep Company's records show the following information for the current year: 0 Total assets Total liabilities Beginning of year $ 52,800 End of year $ 83,500 $ 23,400 $ 36,400 Determine net income (loss) for each of the following separate situations. (For all requirements, losses should be entered wit minus sign.) a. Additional common stock of $4,400 was issued, and dividends of $8,400 were paid during the current year. b. Additional common stock of $15,350 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $13,400 were paid during the current year. a. Net income (loss) b. Net income (loss) c. Net income (loss)
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