1) What is the balance in shareholder's equity at the beginning of the year? Beginning Equity 11,000 3) If the company issues common shares of $9,900 and pay dividends of $36,700, how much is net income (loss)? Net Income (Loss) 5) If the company issues common shares of $15,900 and net income is $19,600, how much is dividends? Dividends 2) What is the equity at the end of the year? Ending Equity 32,000 4) If net income is $1,800 and dividends are $7,500, what was the value of common shares issued? Common Shares 6) If the company issues common shares of $42,200 and pay dividends of $2,400, how much is net income (loss)? Net Income (Loss)
1) What is the balance in shareholder's equity at the beginning of the year? Beginning Equity 11,000 3) If the company issues common shares of $9,900 and pay dividends of $36,700, how much is net income (loss)? Net Income (Loss) 5) If the company issues common shares of $15,900 and net income is $19,600, how much is dividends? Dividends 2) What is the equity at the end of the year? Ending Equity 32,000 4) If net income is $1,800 and dividends are $7,500, what was the value of common shares issued? Common Shares 6) If the company issues common shares of $42,200 and pay dividends of $2,400, how much is net income (loss)? Net Income (Loss)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:You will need to use the answers you calculate for beginning and ending equity to answer the
rest of the questions.
Beginning of Year:
End of Year:
Assets
Net Income (Loss)
$27,000
$61,000
Dividends
Liabilities
$16,000
1) What is the balance in shareholder's equity at the beginning of the year?
Beginning Equity 11,000
$29,000
3) If the company issues common shares of $9,900 and pay dividends of
$36,700, how much is net income (loss)?
5) If the company issues common shares of $15,900 and net income is
$19,600, how much is dividends?
2) What is the equity at the end of the year?
Ending Equity
4) If net income is $1,800 and dividends are $7,500, what was the
value of common shares issued?
Common Shares
32,000
6) If the company issues common shares of $42,200 and pay dividends
of $2,400, how much is net income (loss)?
Net Income (Loss)
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