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Assignment help 1702

Three different companies–A, B, and C–have the same balance sheet at the beginning and the end of a year. These are

summarized below:

Given the data above and the additional information for each company below, determine the net income (loss) for each company.

Total Assets Total Liabilities

Beginning of the year $ 500,000 $250,000

End of the year $1,200,000 $350,000

Company A No additional investment was made by stockholders, and no dividends were paid.

Company B Stockholders invested an additional $200,000, and no dividends were paid.

Company C Stockholders invested $450,000, and dividends of $50,000 were paid.


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