B-01.05 Problem

B-01.05 Problem - (b) Magee paid $100,000 in dividends, and...

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B-01.05 Magee Corporation provided the following summary balance sheet information: Dec. 31, 20X1 Dec. 31, 20X2 Total Assets $1,500,000 $2,300,000 Total Liabilities 700,000 1,400,000 Compute net income for the year ending December 31, 20X2, under each of the following independent scenarios: (a) Magee paid no dividends, and no additional capital was raised via share issuances.
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Unformatted text preview: (b) Magee paid $100,000 in dividends, and no additional capital was raised via share issuances. (c) Magee paid no dividends, but raised $250,000 via issuances of additional shares of stock. (d) Magee paid $100,000 in dividends, and raised $250,000 via issuances of additional shares of stock....
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