Homework Answers
| a | b | c | d | |
| Beginning Equity | 57,416 | 57,416 | 57,416 | 57,416 |
| Investments | - | - | 45,000 | 35,000 |
| Dividends | - | 15,600 | - | 15,600 |
| Net Income (Loss) | 35,999 | 51,599 | (9,001) | 16,599 |
| End Equity | 93,415 | 93,415 | 93,415 | 93,415 |
Equity = Assets - Liabilities
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A corporation had the following assets and liabilities at the beginning and end of this year....
A corporation had the following assets and liabilities at the beginning and end of this year....
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets Liabilities $97,000 $41,584 148,000 59,940 3. Owner made no Investments in the business, and no dividends were paid during the year. b. Owner made no Investments in the business, but dividends were $750 cash per month. C. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
A corporation had the following assets and liabilities at the beginning and end of this year....
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $120,500 177,500 Liabilities $51,658 71,888 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $800 cash per month c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
A corporation had the following assets and liabilities at the beginning and end of this year,...
A corporation had the following assets and liabilities at the beginning and end of this year, Beginning of the year End of the year Assets $ 89,500 133,500 Liabilities $ 38,369 54,068 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, but dividends were $600 cash per month c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash...
A corporation had the following assets and liabilities at the beginning and end of this year....
A corporation had the following assets and liabilities at the beginning and end of this year. 1.42 points Beginning of the year End of the year Assets $112,500 162,500 Liabilities $ 48,229 65,813 eBook a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,150 cash per month. c. No dividends were paid during the year, but the owner did invest an additional...
A corporation had the following assets and liabilities at the beginning and end of this year....
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $126,000 172,500 Liabilities $54,016 69,863 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $950 cash per month. C. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
help please (Ch. 1-3) Saved Help A corporation had the following assets and liabilities at the...
help please
(Ch. 1-3) Saved Help A corporation had the following assets and liabilities at the beginning and end of this year Liabilities Assets Beginning of the year $ 57,446 134,000 176,000 End of the year 71,280 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, but dividends were $1,000 cash per month. c. No dividends were paid during the year, but the owner did...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets Liabilities 121,500 $ 52,087 179,500 72,698 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,200 cash per month. c. No dividends were paid during the year, but the owner...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $112,500 155,000 Liabilities $48,229 62,775 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,200 cash per month c. No dividends were paid during the year, but the owner did...
A sole proprietorship had the following assets and liabilities at the beginning and end of this...
A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $142,000 195,500 Liabilities $60,875 79,178 a. Owner made no investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business, but withdrew $900 cash per month for personal use. c. Owner made no withdrawals during the year, but the owner did invest an additional $45,000...
Thank you for your help! *57,550 is incorrect Exercise 2-19 Analyzing changes in a company's equity...
Thank you for your help!
*57,550 is incorrect
Exercise 2-19 Analyzing changes in a company's equity LO P3 Compute the missing amount for each of the following separate companies a through d. (Losses and amounts to be deducted should be indicated with a minus sign.) NBC $ CBS 0 113,000| $ $ $ Equity, December 31, Year 1 Owner investments for stock during the year Dividends during the year Net income (loss) for the year Equity, December 31, Year 2...
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets Liabilities $97,000 $41,584 148,000 59,940 3. Owner made no Investments in the business, and no dividends were paid during the year. b. Owner made no Investments in the business, but dividends were $750 cash per month. C. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $120,500 177,500 Liabilities $51,658 71,888 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $800 cash per month c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
A corporation had the following assets and liabilities at the beginning and end of this year, Beginning of the year End of the year Assets $ 89,500 133,500 Liabilities $ 38,369 54,068 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, but dividends were $600 cash per month c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash...
A corporation had the following assets and liabilities at the beginning and end of this year. 1.42 points Beginning of the year End of the year Assets $112,500 162,500 Liabilities $ 48,229 65,813 eBook a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,150 cash per month. c. No dividends were paid during the year, but the owner did invest an additional...
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $126,000 172,500 Liabilities $54,016 69,863 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $950 cash per month. C. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
help please
(Ch. 1-3) Saved Help A corporation had the following assets and liabilities at the beginning and end of this year Liabilities Assets Beginning of the year $ 57,446 134,000 176,000 End of the year 71,280 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, but dividends were $1,000 cash per month. c. No dividends were paid during the year, but the owner did...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets Liabilities 121,500 $ 52,087 179,500 72,698 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,200 cash per month. c. No dividends were paid during the year, but the owner...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $112,500 155,000 Liabilities $48,229 62,775 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $1,200 cash per month c. No dividends were paid during the year, but the owner did...
A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $142,000 195,500 Liabilities $60,875 79,178 a. Owner made no investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business, but withdrew $900 cash per month for personal use. c. Owner made no withdrawals during the year, but the owner did invest an additional $45,000...
Thank you for your help!
*57,550 is incorrect
Exercise 2-19 Analyzing changes in a company's equity LO P3 Compute the missing amount for each of the following separate companies a through d. (Losses and amounts to be deducted should be indicated with a minus sign.) NBC $ CBS 0 113,000| $ $ $ Equity, December 31, Year 1 Owner investments for stock during the year Dividends during the year Net income (loss) for the year Equity, December 31, Year 2...
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