Alpha Company reported the following financial statement information:December 31, 2006:Assets $70,000 Liabilities 45,000December

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3 years ago

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Alpha Company reported the following financial statement information:December 31, 2006:Assets $70,000 Liabilities 45,000December

31, 2007:Assets 82,000Liabilities 55,000During 2007:Stockholder investments 3,000Net income ?Dividends 6,000Calculate Alpha’s net income for the year ended December 31, 2007 and the change in stockholders’ equity for the year ended December 31, 2007.Net income Change in stockholders' equityA. ($3,000) $2,000 increaseB. $5,000 $2,000 increaseC. $5,000 $2,000 decrease

Business

1 answer:

spin [16.1K] · Answer 1 · 2022-06-25T14:58:01+03:00

spin [16.1K]3 years ago

6 0

Answer:

the answer is 571 and 1903