Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and...
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Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and lablitues ot the begining and end of this year. b. Owner made no irvestuments in the business, and no dividends wero paid during the year b. Owher made no investrients in the business, but dividends were $1.150 cash per month. c. No dividends were paid during the yeac, but the owner did invest an additional $45,000 cash in excharne for common stock. d. Dividends were $1,150 cash per month, and the owher irvested an additional $35.000 cash in exchange for common stock Defermine net income of net loss for the business during the year for each of the above separate cases Note: Decreases in equity should be indicoted with o ninus sign
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