Toth Company had the following assets and liabilities on the dates indicated December 31 Total Assests total Liabilities 2016 400,000 260,000 2017 480,000 300,000 2018 590,000 400,000 Thot began business on January, 2016, with an investment of 100,000 from stockholders. Toth paid 15,000 in dividends for the year 2016. Instructions: From an analysis of the change in stockholders' equity during the year, compute the Net Income or Loss for: 1.- 2017, asuming stockholders made an additional investment of 50,000 and Toth paid no dividends in 2017. 2.- 2018, assuming stockholders made an aditional investment of 15,000 and Toth paid dividends of 30,000 in 2018.
Toth Company had the following assets and liabilities on the dates indicated December 31 Total Assests total Liabilities 2016 400,000 260,000 2017 480,000 300,000 2018 590,000 400,000 Thot began business on January, 2016, with an investment of 100,000 from stockholders. Toth paid 15,000 in dividends for the year 2016. Instructions: From an analysis of the change in stockholders' equity during the year, compute the Net Income or Loss for: 1.- 2017, asuming stockholders made an additional investment of 50,000 and Toth paid no dividends in 2017. 2.- 2018, assuming stockholders made an aditional investment of 15,000 and Toth paid dividends of 30,000 in 2018.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Toth Company had the following assets and liabilities on the dates indicated
| December 31 | Total Assests | total Liabilities |
| 2016 | 400,000 | 260,000 |
| 2017 | 480,000 | 300,000 |
| 2018 | 590,000 | 400,000 |
Thot began business on January, 2016, with an investment of 100,000 from stockholders. Toth paid 15,000 in dividends for the year 2016.
Instructions: From an analysis of the change in
1.- 2017, asuming stockholders made an additional investment of 50,000 and Toth paid no dividends in 2017.
2.- 2018, assuming stockholders made an aditional investment of 15,000 and Toth paid dividends of 30,000 in 2018.
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