For a given year, beginning and ending total liabilities were $8,400 and $10,000, respectively. At year-end, owners' equity was $26,000 and total assets were $2,000 larger than at the beginning of the year. If new capital stock issued exceeded dividends by $2,400, net income (loss) for the year was apparently
a. ($2,800).
b. ($2,000).
c. $400.
d. $2,800.
B
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If the euro is selling at a premium relative to the USD in the forward market, is the forward price of USD /EUR larger or smaller than the spot price of the USD /EUR?
A) larger B) smaller C) indeterminate D) the same
When an individual investor sells their shares on the OTC, the price at which they are willing to sell is called the bid price
Indicate whether this statement is true or false.
Gomez Company collected $18,900 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would it report as cash flows from operating activities for Year 1?
A. $0; $18,900 B. $6300; $18,900 C. $18,900; $18,900 D. $6300; $6300
The use of a field setting in experimentation ________.
A. minimizes the cost of experimentation B. provides for the manipulation of the independent variable C. serves as a comparison to assess the manipulation D. increases the generalizability of the results E. allows for discovery of the average effect of the independent variable in different situations