Question

Liabes Assets Begiing of e 25000 S100 s26,000 End of Year 2) What is the equity at the end of the yearh 1) What is the equity at the beginning of the year? 38000 Ending Equity 8000 Beginning Equity 4)f net income is $3,500 and dividends are $8.500, how much is common stockh 3) If the company issues common stock of $9,500 and pay dividends of $39,300, how much is net income (loss Common Stock Net Income (Loss) 6) If the company issues common stock of $41,300 and pay dividends of $4.200, how much is net income (loss 5) If the company issues common stock of $18.700 and net income is $19.400, how much is dividends Net Income (Lossh Dividends

Answer 1

1) Beginning equity = 25000-17000 = 8000

2 Ending equity = 64000-26000 = 38000

3) Net income (loss) = 8000+9500-39300-38000 = 59800

4) Common Stock = 8000+3500-8500-38000 = 35000

5) Dividend = 8000+18700+19400-38000 = 8100

6) Net income (loss) = 8000+41300-4200-38000 = -7100