Question: Exercise 2-28 (Algo) Analyzing changes in a company's equity LO P1 Compute the missing amount for each of the following separate companies. (Losses and
Exercise 2-28 (Algo) Analyzing changes in a company's equity LO P1 Compute the missing amount for each of the following separate companies. (Losses and amounts to be deducted should be indicated with a minus sign.) CBS ABC CNN NBC Equity, beginning of year $ 0 $ 0 0 $ 0 Owner investments during the year 98,000 89,500 207,800 Dividends during the year (53,000) (9,000) (54,000) Net income (loss) for the year 94,000 44,000 (5,000) Equity, end of year $ 100,000 $ 97,000 $ 107,800
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
