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  3. exercise 2-15 computing net income lo a1 a corpora

Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities...

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Accounting

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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 $ 52,000 97,500 Liabilities $22,292 39,488 cos 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 $1,250 cash per month c. No dividends were paid during the year, but the owner did Invest an additional $45,000 cash in exchange for common stock. d. Dividends were $1,250 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock Determine net income or net loss for the business during the year for each of the above separate cases: (Decreases in equity should be Indicated with a minus sign.) d. Beginning of the year-Equity Owner Investments Dividend Net income (loss) End of the year-Equity

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