Beginning of the year End of the year Assets $ 66,500 107,000 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, and dividends paid were $10,800 during the year. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. d. Dividends paid were $10,800 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Beginning of the year-Equity Owner investments Dividends Liabilities $ 28,509 43,335 Determine net income or net loss for the business during the year for each of the above separate cases: Note: Decreases in equity should be indicated with a minus sign. Net income (loss) End of the year-Equity $ 37,991 $ 5,237 $ 50,228 $ 37,991 $ 10,800 16,037 50,228 $ C. 37,991 $ 45,000 (39,763) 50,228 $ 37,991 35,000 10,800 (18,963) 50,228

Beginning of the year End of the year Assets $ 66,500 107,000 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, and dividends paid were $10,800 during the year. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. d. Dividends paid were $10,800 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Beginning of the year-Equity Owner investments Dividends Liabilities $ 28,509 43,335 Determine net income or net loss for the business during the year for each of the above separate cases: Note: Decreases in equity should be indicated with a minus sign. Net income (loss) End of the year-Equity $ 37,991 $ 5,237 $ 50,228 $ 37,991 $ 10,800 16,037 50,228 $ C. 37,991 $ 45,000 (39,763) 50,228 $ 37,991 35,000 10,800 (18,963) 50,228

Name: Beginning of the yearEnd of the yearAssets$ 66,500107,000a. Owner mad
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Description: Beginning of the yearEnd of the yearAssets$ 66,500107,000a. Owner made no investments in the business, and no dividends were paid during the year.b. Owner made no investments in the business, and dividends paid were $10,800 during the year.c. No div

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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4a
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am. 76.
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