The following are from a companys statements of financial position: During 2016, the company issued additional shares
Question:
The following are from a company€™s statements of financial position:
During 2016, the company issued additional shares for $7,000 and declared dividends of $4,000.
Required:
Calculate what the company€™s net income or loss must have been for the year 2016. Be sure to indicate whether your answer represents net earnings or a net loss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Shareholders Equity 2016 12500085000 40000 Shareholders Equity 2015 11000080000 ...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
8+ Reviews
22+ Question Solved
Related Book For 
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
Question Posted:
