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The following are three situations related Bosley Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2022. For
The following are three situations related Bosley Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2022. For each situation, use the accounting equation and what you know from the chapter about stockholders' equity, common stock, and retained earnings to calculate the amount of Bosley's net income or net loss during the year ended January 31, 2022. 2022 total assets were $74 and total liabilities were $26. For 2021, Total Assets were $51 and total liabilities were $21. 1.Bosley issued $13 million of stock and declared no dividends. 2. Bosley issued no stock but declared dividends of $22 million. 3. Bosley issued $55 million of stock and declared dividends of $100 million
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