At the end of 2013, Sando Company reported the following amounts


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At the end of 2013, Sando Company reported the following amounts on its balance sheet: Cash $  28,100 Accounts receivable 52,400 Equipment 46,000 Land 120,000 Accounts payable 31,500 Common stock 95,000 Retained earnings 120,000 Answer each of the following independent questions: Assume that Sando’s stockholders’ equity on January 1, 2013 was $132,000.  Sando did not issue common stock during the year, but it paid $18,000 cash in dividends.  How much is Sando’s net income or loss for 2013? Assume that Sando’s stockholders’ equity on January 1, 2013 was $118,000, and that Sando issued additional common stock of $35,000 and paid $22,000 in cash dividends before the end of 2013.  What was Sando’s net income or net loss for 2013? celestinebrownbest
posted a question · Mar 25, 2016 at 10:37pm

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