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    13aclark's Avatar
    13aclark Posts: 2, Reputation: 1
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    #1

    Sep 5, 2014, 06:34 PM
    Accounting
    I am given Assets=24480
    Liabilities=16646
    Stock issuances=1400
    Cash dividends=2000
    What would be my net income?? I have tried everything
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    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's Avatar
    13aclark Posts: 2, Reputation: 1
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    #3

    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #4

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