Why is it important to know what is happening at the state and national level in terms policy, funding, and legislation related to early childhood? 1. How do state and….
determine net income for the years ending December 31, 20X6, 20X7, 20X8, and 20X9.
Scream Clean Company provided the following very limited set of data. Use this information to determine net income for the years ending December 31, 20X6, 20X7, 20X8, and 20X9. The company was formed at the beginning of January, 20X6 by issuing $350,000 of capital stock. No additional shares were issued during the 4-year period. The company’s 20X9 dividends were equal to 50% of the 20X9 net income. Revenues, 20X7 $315.000 Dividends, 20X8 52.500 Total equity, December 31, 20X8 735.000 Total liabilities, December 31, 20X8 770.000 Retained earnings, December 31, 20X6 143.500 Expenses, 20X7 154.000 Retained earnings, December 31, 20X7 280.000 Dividends, 20X6 35.000 Total assets, December 31, 20X9 1.750.000 Increase in liabilities, 20X9 175.000 Worksheet 4 • 20X6 • 20X7 • 20X8 • 20X9