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Columbia Healthcare had an equity balance of $2.5 million at the beginning of the year. At the end of the year, its equity balance was $6.8 million.

a) If Columbia is a not-for-profit organization, what was its net income for the year?

b) Now, assume that Columbia is an investor-owned business. What was its net income for each of the following situations:

- Assuming zero dividends, what was Columbia's net income?

- Assuming $600,000 in dividends, what was its net income?

- Assuming $600,000 in dividends and $500,000 in additional stock sales, what was Columbia's net income?

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941238

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