Kimmy began business on January 1, 2013, with an investment of $97,268 from stockholders.

$11.00

Description

December
31

Total Asssets          Total Liabilities
2013 

$468,598
                              $327,594
2014

$548,598
                              $377,594
2015

$678,598
                               $477,594

Kimmy
began business on January 1, 2013, with an investment of $97,268 from
stockholders.

From
an analysis of the change in stockholders’ equity during the year, compute the
net income (or loss) for:

(a)
2013, assuming Kimmy paid $23,990 in dividends for the year.

Net
income (loss) for 2013 $

(b)
2014, assuming stockholders made an additional investment of $41,294 and Kimmy
paid no dividends in 2014.

Net
income (loss) for 2014 $

c)
2015, assuming stockholders made an additional investment of $22,705 and Kimmy
paid dividends of $21,361 in 2015.

Net
income (loss) for 2015 $

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