A company had the following assets and liabilities at the beginning and end of the current year: / Una compañía tuvo los siguientes activos y pasivos al inicio y final del ejercicio actual:
A company had the following assets and liabilities at the beginning and end of the current year: / Una compañía tuvo los siguientes activos y pasivos al inicio y final del ejercicio actual:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company had the following assets and liabilities at the beginning and end of the
current year: / Una compañía tuvo los siguientes activos y pasivos al inicio y final del
ejercicio actual:
Assets / Activos
Liabilities / Pasivos
Beginning of year / Inicio
del año
$428,000
$176,000
End of the year / Final del
año
490,000
150,000
Common stock in the amount of $30,000 was issued and dividends of $10,000 were
paid during the year. What is the amount of net income for the year? /
Se emitió $30,000 de capital común y se pagaron dividendos por $10,000 durante el
año. ¿Cuál es la utilidad neta del año?
$108,000
$48,000
$88,000
O $68,000
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