Question: Balancing the Expanded Accounting Equa Activity 4b-Using the Expanded Equation 2 HINT Using the expanded accounting equation, calculate and enter the answers for each question.
Balancing the Expanded Accounting Equa Activity 4b-Using the Expanded Equation 2 HINT 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. 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the Beginning Equity Ending Equity 3) If the company issues common stock of $6,000 and pay dividends of $38,200, how much is net income (loss)? 4) If net income is $1,100 and dividends are $6,400, how much is common stock? Common Stock Net Income (Loss) 5) If the company issues common stock of $15,700 and net income is $18,400, how 6) If the company issues common stock of $41,600 and pay dividends of $4400, how much is net income (loss)? much is dividends? Net Income (Loss)
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