Assuming Kimmy paid $15,000 in dividends for the year. What was the Net Income for 2013?

Feb 1st, 2015
Steve1995
Category:
Accounting
Price: $5 USD

Question description

Dec 31.    Total Assets           Total Liabilities

2013.     400,000.                 260,000

2014.      480,000.               300,000

2015.    590,000.                        400,000


BEGAN BUSINESS ON JAN 1ST 2013, WITH AN INVESTMENT OF 100,000 FROM STOCKHOLDERS.

FROM AN ANALYSIS OF THE CHANGE IN STOCKHOLDERS EQUITY DURING THE YEAR, COMPUTE THE INCOME (OR LOSS) FOR:

A.) 2013, Assuming kimmy paid 15,000 in dividends for the year.

Net Income (loss) for 2013::

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