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Shep Company's records show the following information for the current year: Total assets Total liabilities Beginning of year $ 57,200 End of year $
Shep Company's records show the following information for the current year: Total assets Total liabilities Beginning of year $ 57,200 End of year $ 89,000 $ 25,600 $ 38,600 Determine net income (loss) for each of the following separate situations. Note: For all requirements, losses should be entered with a minus sign. a. Additional common stock of $6,600 was issued, and dividends of $10,600 were paid during the current year. b. Additional common stock of $15,900 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $15,600 were paid during the current year. a. Net income (loss) es b. Net income (loss) c. Net income (loss)
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