Presented below are data for Caracas Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock Stockholders' Equity, Dec. 31 Net Income Net income for 2012 is $684 income. $684 loss. $38 income. $38 loss. 2010 $3,800 2,280 ? 760 684 ? 760 2011 $4,560 ? ? 570 608 ? 684 2012 ? $2,736 2,850 646 650 2,166 ?
Presented below are data for Caracas Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock Stockholders' Equity, Dec. 31 Net Income Net income for 2012 is $684 income. $684 loss. $38 income. $38 loss. 2010 $3,800 2,280 ? 760 684 ? 760 2011 $4,560 ? ? 570 608 ? 684 2012 ? $2,736 2,850 646 650 2,166 ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Presented below are data for Caracas Corp.
Assets, January 1
Liabilities, January 1
Stockholders' Equity, Jan. 11
Dividends
Common Stock
Stockholders' Equity, Dec. 31
Net Income
Net income for 2012 is
$684 income.
$684 loss.
$38 income.
$38 loss.
2010
$3,800
2,280
?
760
684
?
760
2011
$4,560
?
?
570
608
?
684
2012
?
$2,736
2,850
646
650
2,166
?
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