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13aclark
Sep 5, 2014, 06:34 PM
I am given Assets=24480
Liabilities=16646
Stock issuances=1400
Cash dividends=2000
What would be my net income?? I have tried everything

paraclete
Sep 6, 2014, 06:46 AM
well assets - liabilities = equity on that basis 24480 - 16646 = 7834

equity = stock issued + earnings - dividends

7834 = 1400 -2000 + ?

really simple when you read a text book

13aclark
Sep 7, 2014, 08:42 AM
I read the text book. Just didn't understand. No need to be rude but thanks a lot jerk

paraclete
Sep 8, 2014, 04:38 AM
Don't be a Jerk yourself, now you do understand