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Question:34 Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Beginning of Year Assets Liabilities End of Year Assets Liabilities 1. What is the equity at the beginning of the year? 2. What is the equity at the end of the year? 27000 15000 63000 25000 3. If the company issues commons stock of 5,000, pays dividends of 37,000 how much is the net income or loss? 4. If the net income is 2,000 and dividends are 8,500 how much is common stock? 5. If the company issues common stock of 19,000 and net income is 19,900 how much is dividends? 6. If the company issues common stock of 43,400 and dividends of 1,400 how much is the net income (loss)?

Question:34 Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Beginning of Year Assets Liabilities End of Year Assets Liabilities 1. What is the equity at the beginning of the year? 2. What is the equity at the end of the year? 27000 15000 63000 25000 3. If the company issues commons stock of 5,000, pays dividends of 37,000 how much is the net income or loss? 4. If the net income is 2,000 and dividends are 8,500 how much is common stock? 5. If the company issues common stock of 19,000 and net income is 19,900 how much is dividends? 6. If the company issues common stock of 43,400 and dividends of 1,400 how much is the net income (loss)?

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.6AP
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Question:34 Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Beginning of Year Assets Liabilities End of Year Assets Liabilities 1. What is the equity at the beginning of the year? 2. What is the equity at the end of the year? 27000 15000 63000 25000 3. If the company issues commons stock of 5,000, pays dividends of 37,000 how much is the net income or loss? 4. If the net income is 2,000 and dividends are 8,500 how much is common stock? 5. If the company issues common stock of 19,000 and net income is 19,900 how much is dividends? 6. If the company issues common stock of 43,400 and dividends of 1,400 how much is the net income (loss)?
Transcribed Image Text:Question:34 Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Beginning of Year Assets Liabilities End of Year Assets Liabilities 1. What is the equity at the beginning of the year? 2. What is the equity at the end of the year? 27000 15000 63000 25000 3. If the company issues commons stock of 5,000, pays dividends of 37,000 how much is the net income or loss? 4. If the net income is 2,000 and dividends are 8,500 how much is common stock? 5. If the company issues common stock of 19,000 and net income is 19,900 how much is dividends? 6. If the company issues common stock of 43,400 and dividends of 1,400 how much is the net income (loss)?
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