Академический Документы
Профессиональный Документы
Культура Документы
Total Assets
Total Liabilities
Total Equity
Ending equity
Beginning equity
Change in equity
(a)
Magee paid no dividends, and no additional capital was raised via share
issuances.
Because there were no dividends and no issues of stock, the $100,000 increase in equity is
all attributable to net income.
$800,000 + $0 for stock issuances - $0 for dividends + net income ($100,000) = $900,000
(b)
Magee paid $100,000 in dividends, and no additional capital was raised via
share issuances.
Because there were $100,000 in dividends and no issues of stock, the $100,000 increase in
equity would require a $200,000 net income.
$800,000 + $0 for stock issuances - $100,000 for dividends + net income ($200,000) = $900,000
(c)
Because there were no dividends, but $250,000 of stock issuances, Magee had a net loss
of $150,000.
$800,000 + $250,000 for stock issuances - $0 for dividends + net income (-$150,000) = $900,000
(d)
Because there were $100,000 in dividends, and $250,000 of stock issuances, Magee had a
net loss of $50,000.
$800,000 + $250,000 for stock - $100,000 for dividends + net income (-$50,000) = $900,000