At the beginning of its current fiscal year, Heygood Corp's balance sheet showed assets of $360,000 and liabilities of $147,000. During the year, liabilities decreased by $22,000. Net Income for the year was $27,000, and net assets at the end of the year were $215,000. There were no changes in the paid-in capital balance of $100,000 during the year. Calculate the dividends, if any, declared during the year. Which of the following is the correct answer? A. None of the other answers. B. $125,000. C. $113,000. D. $25,000. E. $340,000.

At the beginning of its current fiscal year, Willie Corporation's balance sheet showed assets of $12,400 and liabilities of $6,400. During the year, liabilities decreased by $1,400. Net income for the year was $3,050, and net assets at the end of the year were $6,650. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Stockholders' Equity Assets Liabilities + PIC RE Beginning: Changes: $ 12,400 = $ (750) = 6,400 + (1,400) + $ 0+ $ 6,000 0+ Changes: Ending: $ 11,650 = $ 5,000 + 0+ EA $ 3,050 +Net income (2,400) Dividends 6,650

At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $11,900 and liabilities of $5,600. During the year, liabilities decreased by $900. Net income for the year was $3,100, and net assets at the end of the year were $7,100. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year.

At the beginning of its current fiscal year, Willie Corporations balance sheet showed assets of $ 11, 100 and liabilities of $6,700. During the year, liabilities decreased by $700. Net income for the year was $2,700, and net assets at the end of the year were $4,700. There were no changes in paid - in capital during the year. Required:Calculate the dividends, if any, declared during the year. Indicate the financial statement effect.Note: Enter decreases with a minus sign to indicate a negative financial statement effect.\table[[, Assets, =, Liabilities,+, Stockholders' Equity], [, PIC,\table [[ + ], [ + ]], RE], [Beginning:,, 11, 100, , $, 6, 700, +, S, 0], [Changes: ,,,,, (700), +,, 0, +,], [Changes:], [Ending:,,, | =,,, | +,, 0, +,]] = Beginning: Changes: Changes: Ending: Assets = Liabilities + $ 11,100 = $ 6,700 + (700) + || 3 || Stockholders' Equity RE $ PIC 0 + 0 + 0 +

Haresh N

Calculate dividends, if any, declared during the year from the given information: Wallace Corp balance sheet showed assets of P12,600 and liabilities of P6,300 at the beginning of its current fiscal year. During the year, liabilities decreased by P1,300. Net income for the year was P3,100, and net assets at the end of the year were P7,100. There were no changes in paid-in capital during the year.

. The following are the amounts of Care Corporation’s assets and liabilities at May 31, 2010 and its revenue and expenses for the year ended on that date, listed in alphabetical order.  Care Corporation had share capital of P50,000 and accumulated profits of P87,390 on June 1, the beginning of the fiscal year. During the year, the corporation paid cash dividends of P25,000.   Accounts payable                                        P 48,320 Accounts receivable                                       68,840 Advertising expense                                       14,600 Cash                                                                  40,150 Insurance expense                                         12,000 Land                                                               150,000 Miscellaneous expense                                    3,140 Notes payable                                                  22,000 Prepaid insurance                                             2,000 Rent…

Please solve this problem

Goldfinger Corporation had account balances at the end of the currentyear as follows: sales revenue, $29,000; cost of goods sold, $12,000;operating expenses, $6,200; and income tax expense, $4,320. Assumeshareholders owned 4,000 shares of Gold finger's common stock duringthe year. Prepare Goldfinger's income statement for the current year.

Superior has provided the following information for its recent year of operation:   The common stock account balance at the beginning of the year was $17,000 and the year-end balance was $18,500. The additional paid-in capital account balance increased $4,200 during the year. The retained earnings balance at the beginning of the year was $95,000 and the year-end balance was $96,000. Net income was $43,000.   How much did Superior sell its common stock for during the year?