act.pearsonang.com/actrity/1/4/2 Activity 4.b-Using the Expanded Accounting Equa
ID: 2799140 • Letter: A
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act.pearsonang.com/actrity/1/4/2 Activity 4.b-Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. U HINI Assets Beginning of Year 15.000 Ind of Year 64,000 25.000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity 13000 Ending Equity39000 3) If the company issues common stock of $9,200 and pay dividends of $38, 100, how much is net income (loss)? 4) If net income is $1.100 and dividends are $5,200, howe nuch is common steck? Common Stock Net Income (Loss) comman stock 6) If the company issues common stock of $42,600 and pay dividends of $3,200, hew much is net income (loss)? 5) If the company issues common stock of $15,900 and net income is $17,100, how much is dividends? Dividends Net Income lLass) C RESET Please review your answer and try ogain. CHECK ANSWER 1016 PM 2/6/2017 Type here to searchExplanation / Answer
Answer 3 Answer 3 Calculation of Net Income / (loss) Calculation of Common stock Ending Equity $39,000.00 Ending Equity $39,000.00 Add : DivIdend Paid $38,100.00 Add: Dividends $5,200.00 Less : Issue of Common stock $9,200.00 Less: Net Income $1,100.00 Less : Beginning Equity $13,000.00 Less : Beginning Equity $13,000.00 Net Income / (Loss) $54,900.00 Common stock $30,100.00 Answer 5 Answer 6 Calculation of Net Income Calculation of Net Income / (loss) Beginning Equity $13,000.00 Ending Equity $39,000.00 Add : Common stock $15,900.00 Add : DivIdend Paid $3,200.00 Add : Net Income $17,100.00 Less : Issue of Common stock $42,600.00 Less : Ending Equity $39,000.00 Less : Beginning Equity $13,000.00 Dividends $7,000.00 Net Income / (Loss) -$13,400.00
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