san mateo healthcare hd an equity balance of 1,3 million at the beginning of the

a) 680,000 b) 680,000 //dividends doesnt affect net income 680,000 380,000 // as the rest 300,000 came from stock sale

ID: 2699090 • Letter: S

Question

san mateo healthcare hd an equity balance of 1,3 million at the beginning of the year. At the end of the year, its equity balance was 1.98 million.

a. Assume that san mateo is not -for- profit organization . what was its net income for the period

b. now, assume that san mateo is an investor owned business

-assuming zero dividends, what was san mateo's net income???

- assuming , 2000 in dividends, what was its net income??

- assuming 200,000 in dividends and 300,000 in additional stock sales, what was san mateo's net income???

a) 680,000

680,000 //dividends doesnt affect net income

680,000

380,000 // as the rest 300,000 came from stock sale

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