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Kimmy began business on January 1, 2013, with an investment of $97,268 from stockholders.

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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 $

 

Paper#43997 | Written in 18-Jul-2015

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