Below is some information related to Crane Company. Active, January 1 $253,200 Active, December 31 231,900 Liabilities,
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Below is some information related to Crane Company.
Active, January 1 | $253,200 | ||
Active, December 31 | 231,900 | ||
Liabilities, January 1 | 148,200 | ||
Common Stock, December 31 | 87,000 | ||
Retained earnings, December 31 | 42,400 | ||
Common shares sold during the year | 11,400 | ||
Dividends declared during the year | 13,500 |
Calculate the net income for the year.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: