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- Sep 19, 2011
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Here's the given amounts
Dec 2010
Assets 38,000
Liability 31,160
Dec 2011
Assets 41,000
Liability ?
During year 2011
Stock issuances 6,000
Net income 9,110
Cash Dividends 3,500
Ok so for Equity on Dec 31, 2010 I got 6,840
And for Equity on Dec 31, 2011 I got 18,610
And for Liability on Dec 31, 2011 I got 22,390
Is this the correct way to calculate them?
can you help me figure out? thank you, I been working on this for hours :[
Here's the the other problem on my homework,
Dec 2010
Assets 29,640
Liability 20,748
Dec 2011
Assets 29,520
Liability 20,073
During year 2011
Stock issuances 1,400
Net Income ?
Cash Dividends 2,000
Dec 2010
Assets 38,000
Liability 31,160
Dec 2011
Assets 41,000
Liability ?
During year 2011
Stock issuances 6,000
Net income 9,110
Cash Dividends 3,500
Ok so for Equity on Dec 31, 2010 I got 6,840
And for Equity on Dec 31, 2011 I got 18,610
And for Liability on Dec 31, 2011 I got 22,390
Is this the correct way to calculate them?
can you help me figure out? thank you, I been working on this for hours :[
Here's the the other problem on my homework,
Dec 2010
Assets 29,640
Liability 20,748
Dec 2011
Assets 29,520
Liability 20,073
During year 2011
Stock issuances 1,400
Net Income ?
Cash Dividends 2,000