Question
Use the following information to answer questions 1 - 4.A corporation reports the following: Common Stock balance 1/1/1920,000 Additional Paid in Capital balance 1/1/1980,000 Retained
Use the following information to answer questions 1 - 4.A corporation reports the following:
Common Stock balance 1/1/1920,000
Additional Paid in Capital balance 1/1/1980,000
Retained Earnings balance 1/1/1930,000
Accumulated Other Comprehensive Income 1/1/195,000
During 2019 (January - December) the business reports net income of $90,000 and other comprehensive income of 4,000.The business declares (and paid) cash dividends of $25,000 in 2019.
1.Calculate the net income for 2019 ________________
Income from
2.Calculate the comprehensive income for 2019 _____________
3.Calculate the Retained Earnings balance on 12/31/19 _____________
4.Calculate the Stockholder Equity on 12/31/19 _________________
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