how to solve for net income with what I have, thank you.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I'm not sure how to solve for net income with what I have, thank you.
![Required 2A
Required 2B
Required 20
Compute the net income of the year for Company B.
Equity, beginning of year
$
10,764
Add: Stock issuances
1,400
Add: Net income
12,164
Less: Cash dividends
2,000
Equity, end of year
11,751
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcbaaf3a5-97a4-44d4-82b4-c685cbb2fa1a%2F44b151fa-7865-4ca3-aa13-191dc81e009e%2Fur59jpl_processed.png&w=3840&q=75)
Transcribed Image Text:Required 2A
Required 2B
Required 20
Compute the net income of the year for Company B.
Equity, beginning of year
$
10,764
Add: Stock issuances
1,400
Add: Net income
12,164
Less: Cash dividends
2,000
Equity, end of year
11,751
%24
![Company A
Company B
Company C
Company D
Company E
Beginning of year
Assets
$ 46,000
37,720
$ 35,880
25,116
$ 29,440
15,897
$ 81,880
56,497
$ 125,580
Liabilities
End of year
51,000
?
36,720
24,969
92,820
44,553
140,760
111,200
Assets
?
Liabilities
Changes during the year
Stock issuances
Net income (loss)
Cash dividends
16,743
6,000
12,170
3,500
1,400
?
9,750
7,300
5,875
6,500
8,944
11,000
?
15,884
2,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcbaaf3a5-97a4-44d4-82b4-c685cbb2fa1a%2F44b151fa-7865-4ca3-aa13-191dc81e009e%2Fkpmjcxe_processed.png&w=3840&q=75)
Transcribed Image Text:Company A
Company B
Company C
Company D
Company E
Beginning of year
Assets
$ 46,000
37,720
$ 35,880
25,116
$ 29,440
15,897
$ 81,880
56,497
$ 125,580
Liabilities
End of year
51,000
?
36,720
24,969
92,820
44,553
140,760
111,200
Assets
?
Liabilities
Changes during the year
Stock issuances
Net income (loss)
Cash dividends
16,743
6,000
12,170
3,500
1,400
?
9,750
7,300
5,875
6,500
8,944
11,000
?
15,884
2,000
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