= Liabilities $100,000 Equity $60,000 Assets + Balances at June 1, 2015 $160,000 Shares issued in June June net income(loss) Dividends paid in June Balances at June 30, 2015 $200,000 $90,000 Required: Using the information provided above, calculate the dividends paid in June under each of the following independent assumptions. a. In June no shares were issued and a $70,000 net income was earned. b. $40,000 of shares were issued in June and a $90,000 net income was earned. c. In June $130,000 of shares were issued and an $80,000 net loss was realized.
= Liabilities $100,000 Equity $60,000 Assets + Balances at June 1, 2015 $160,000 Shares issued in June June net income(loss) Dividends paid in June Balances at June 30, 2015 $200,000 $90,000 Required: Using the information provided above, calculate the dividends paid in June under each of the following independent assumptions. a. In June no shares were issued and a $70,000 net income was earned. b. $40,000 of shares were issued in June and a $90,000 net income was earned. c. In June $130,000 of shares were issued and an $80,000 net loss was realized.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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