Problemequity increased by 800000 during the year including, Ask an Expert

Accounting

Problem:

Equity increased by $800,000 during the year including net income of $600,000 and other comprehensive loss of ($150,000). The company had no stock transactions during the years (issues or repurchases).

Required:

Question 1: How much was comprehensive income for the year?

Question 2: How much dividend did the company declare during the year?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163894

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