Question: Presented here is information for Eliason, Inc., for the year ended August 31, 2016. Requirements 1. What is the beginning stockholders' equity of Eliason, Inc.?

Presented here is information for Eliason, Inc., for the year ended August 31, 2016.

Requirements
1. What is the beginning stockholders' equity of Eliason, Inc.?
2. What is the ending stockholders' equity of Eliason, Inc.?
3. What is the net income or net loss for the year?

Eliason, Inc. Beginning: Assets Liabilities. $ 44,000 20,000 Ending: $104,000 25,000 Assets Liabilities Stockholders' Equity: Sale of Stock.. Payment of Dividends $ 12,000 60,000

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