Question: Toth Company had the following assets and liabilities on the

Toth Company had the following assets and liabilities on the dates indicated.


Toth began business on January 1, 2014, with an investment of $100,000 from stockholders.

Instructions
From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for:
(a) 2014, assuming Toth paid $15,000 in dividends for the year.
(b) 2015, assuming stockholders made an additional investment of $50,000 and Toth paid no dividends in 2015.
(c) 2016, assuming stockholders made an additional investment of $15,000 and Toth paid dividends of $30,000 in2016.


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  • CreatedFebruary 17, 2014
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