Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $15,000 End of Year: $64,000 $28,000 3) If the company issues common stock of $5,100 and pay dividends of $44,000, how much is net income (loss)? Net Income (Loss): 4) If net income is $2,700 and dividends are $7,700, how much is common stock? Common Stock: 5) If the company issues common stock of $16,700 and net income is $19,300, how much is dividends? Dividends:
Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $29,000 $15,000 End of Year: $64,000 $28,000 3) If the company issues common stock of $5,100 and pay dividends of $44,000, how much is net income (loss)? Net Income (Loss): 4) If net income is $2,700 and dividends are $7,700, how much is common stock? Common Stock: 5) If the company issues common stock of $16,700 and net income is $19,300, how much is dividends? Dividends:
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 1.2BE
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Balancing the Expanded Accounting Equation
Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions.
Assets | Liabilities | |
---|---|---|
Beginning of Year: | $29,000 | $15,000 |
End of Year: | $64,000 | $28,000 |
3) If the company issues common stock of $5,100 and pay dividends of $44,000, how much is net income (loss)?
Net Income (Loss):
4) If net income is $2,700 and dividends are $7,700, how much is common stock?
Common Stock:
5) If the company issues common stock of $16,700 and net income is $19,300, how much is dividends?
Dividends:
6) If the company issues common stock of $42,300 and pay dividends of $2,100, how much is net income (loss)?
Net Income (Loss):
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