Question: need help with #65, posted this question before and they got it wrong. thx Using the expanded accounting equation, calculate and enter the answers for
need help with #65, posted this question before and they got it wrong. thx
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 year? Beginning Equity Ending Equity 3) If the company issues common stock of $7,000 and pay 4) If net income is $2,600 and dividends are $8,800, how dividends of $39,600, how much is net income (loss)? much is common stock? Net Income (Loss) Common Stock 5) If the company issues common stock of $15,400 and net income is $15,100, how much is dividends? 6) If the company issues common stock of $41,600 and pay dividends of $3,100, how much is net income (loss)? Dividends Net Income (Loss)
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