Question: Three different companies-A, B, and C-have the same balance sheet at the beginning and the end of a year. These are summarized as follows:
Three different companies-A, B, and C-have the same balance sheet at the beginning and the end of a year. These are summarized as follows: Total Assets Total Liabilities Beginning of the year $ 500,000 $250,000 End of the year 1,200,000 350,000 Given the data above and the additional information for each of the following companies, determine the net income (loss) for each company. Company A No additional investment was made by stockholders, and no dividends were paid. Company B Stockholders invested an additional $200,000, and no dividends were paid. Company C Stockholders invested $450,000, and dividends of $50,000 were paid.
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