Assets Liabilities Beginning of Year: $26,000 $19,000 End of Year: $61,000 $29,000 1. If net income is $1,300 and dividends are $7,300, how much is common stock? 2. If the company issues common stock of $16,000 and net income is $16,300, how much is dividends? 3. If the company issues common stock of $44,300 and pay dividends of $2,000, how much is net income (loss)?
Assets Liabilities Beginning of Year: $26,000 $19,000 End of Year: $61,000 $29,000 1. If net income is $1,300 and dividends are $7,300, how much is common stock? 2. If the company issues common stock of $16,000 and net income is $16,300, how much is dividends? 3. If the company issues common stock of $44,300 and pay dividends of $2,000, how much is net income (loss)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| Assets | Liabilities | |
|---|---|---|
| Beginning of Year: | $26,000 | $19,000 |
| End of Year: | $61,000 | $29,000 |
1. If net income is $1,300 and dividends are $7,300, how much is common stock?
2. If the company issues common stock of $16,000 and net income is $16,300, how much is dividends?
3. If the company issues common stock of $44,300 and pay dividends of $2,000, how much is net income (loss)?
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