Rocky Company has beginning equity of $600,000, net income of $100,000, dividends of $60,000 and investments...

 

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Rocky Company has beginning equity of $600,000, net income of $100,000, dividends of $60,000 and investments by owners in exchange for stock of $20,000. Its ending equity is. A) $446,000 B) $480,000 C) $536,000 D) $660,000 During 2016, Wayneright Company's total assets increased $100,000, and total liabilities decreased $60,000. During the same year, the company's investors invested an additional $120,000 and the company paid dividends of $60,000. What must have been the company's net income for 2016? A) $100,000 B) $ 60,000 C) $ 80,000 D) $ 40,000 Bramble Corporation has the following shareholders' equity on December 31, 2021: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued Common shares, 200,000 shares authorized, 80000 shares issued Total share capital Retained earnings Total shareholders' equity The average per common share amount is $573000 1760000 2333000 448000 $2781000 Rocky Company has beginning equity of $600,000, net income of $100,000, dividends of $60,000 and investments by owners in exchange for stock of $20,000. Its ending equity is. A) $446,000 B) $480,000 C) $536,000 D) $660,000 During 2016, Wayneright Company's total assets increased $100,000, and total liabilities decreased $60,000. During the same year, the company's investors invested an additional $120,000 and the company paid dividends of $60,000. What must have been the company's net income for 2016? A) $100,000 B) $ 60,000 C) $ 80,000 D) $ 40,000 Bramble Corporation has the following shareholders' equity on December 31, 2021: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued Common shares, 200,000 shares authorized, 80000 shares issued Total share capital Retained earnings Total shareholders' equity The average per common share amount is $573000 1760000 2333000 448000 $2781000

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