Net Income and Stockholders' Equity for Four Businesses Four different corporations, Aries, Gemini, Leo, and Pisces, show the same balance sheet data at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, are summarized as follows:   Total Assets Total Liabilities Beginning of the year $72,900   $29,200   End of the year $116,600   $49,000   On the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year. (Hint: First, determine the amount of increase or decrease in stockholders' equity during the year.) Aries: No additional common stock was issued, and no dividends were paid. Gemini: No additional common stock was issued, but dividends of $4,800 were paid. Leo: Additional common stock of $22,100 was issued, but no dividends were paid. Pisces: Additional common stock of $22,600 was issued, and dividends of $6,500 were paid. Enter all amounts as positive numbers: Aries:  Gemini:  Leo:  Pisces:

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.