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Toth Company had the following assets and liabilities on the dates indicated. Exercise 1-10 xYour answer is incorrect. Try again. Toth Company had the following
Toth Company had the following assets and liabilities on the dates indicated.
Exercise 1-10 xYour answer is incorrect. Try again. Toth Company had the following assets and liabilities on the dates indicated December 31 2014 2015 2016 Total Assets Total Liabilities $496,548 $576,548 706,548 $199,562 $249,562 $349,562 Toth began business on January 1, 2014, with an investment of $99,702 from stockholders From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2014, assuming Toth paid $24,768 in dividends for the year. Net income (loss) for 2014 (b) 2015, assuming stockholders made an additional investment of $43,574 and Toth paid no dividends in 2015 Net income (loss) for 201!5 (c) 2016, assuming stockholders made an additional investment of $17,752 and Toth paid dividends of $29,847 in 2016. Net income (loss) for 2016Step by Step Solution
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