12/31/X3
Total assets = $750,000
Total liabilities = $300,000
12/31/X2
Total assets = $520,000
Total liabilities = $200,000
There were no stock transactions in 20X3 and thus the change in stockholders' equity for 20X3 was due to net income and dividends. If dividends were $30,000, how much was the net income for 20X3?
The answer is $160,000... but I have no idea how the book got to that answer...
Someone help me please. Thank you.
2007-01-17
13:10:15
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4 answers
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asked by
Rita
3