29 Jun Question December 31 Total Asssets Total Liabilitie
Question
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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