Marigold Corp. had the following assets and liabilities on the dates indicated. December 31 Total Assets...
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Marigold Corp. had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2021 $454,000 $281,000 2022 $534,000 $331,000 2023 $664,000 $431,000 Marigold began business on January 1, 2021, with an investment of $96,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2021, assuming Marigold paid $22,000 in dividends for the year. Net income (loss) for 2021 $ +A 173000 SUPPORT (b) 2022, assuming stockholders made an additional investment of $49,000 and Marigold paid no dividends in 2022. Net income (loss) for 2022 +A $ (c) 2023, assuming stockholders made an additional investment of $35,000 and Marigold paid dividends of $15,000 in 2023. Net income (loss) for 2023 +A $ Marigold Corp. had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2021 $454,000 $281,000 2022 $534,000 $331,000 2023 $664,000 $431,000 Marigold began business on January 1, 2021, with an investment of $96,000 from stockholders. From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (a) 2021, assuming Marigold paid $22,000 in dividends for the year. Net income (loss) for 2021 $ +A 173000 SUPPORT (b) 2022, assuming stockholders made an additional investment of $49,000 and Marigold paid no dividends in 2022. Net income (loss) for 2022 +A $ (c) 2023, assuming stockholders made an additional investment of $35,000 and Marigold paid dividends of $15,000 in 2023. Net income (loss) for 2023 +A $
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Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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