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A company has the following selected data on May 31, 2018, and June 30, 2018: B (Click the icon to view the balance sheet data.)
A company has the following selected data on May 31, 2018, and June 30, 2018: B (Click the icon to view the balance sheet data.) For each of the following independent assumptions for June, 2018 compute the amount of net income or net loss during June 2018. (Use a minus sign or parentheses for a net loss.) a. The company issued $5,000 of common stock. It didn't declare or pay any dividends. Net income (loss) = $ 197000 b. The company issued no common stock. It declared & paid dividends of $9,000. Net income (loss) = $ 0 c. The company issued $35,000 of common stock, and declared & paid dividends of $12,000. Net income (loss) = $ A company has the following selected data on May 31, 2018, and June 30, 2018: B (Click the icon to view the balance sheet data.) For each of the following independent assumptions for June, 2018 compute the amount of net income or net loss during June 2018. (Use a minus sign or parentheses for a net loss.) a. The company issued $5,000 of common stock. It didn't declare or pay any dividends. Net income (loss) = $ 197000 b. The company issued no common stock. It declared & paid dividends of $9,000. Net income (loss) = $ 0 c. The company issued $35,000 of common stock, and declared & paid dividends of $12,000. Net income (loss) = $
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