Following Are the Total Assets and Liabilities at the Beginning

question 116

Essay

Following are the total assets and liabilities at the beginning and end of the year for Maren Corporation:
$\begin{array}{|l|r|r|}\hline &{\text { Assets }} & \text { Liabilities } \\\hline \text { Beginning of the year } & \$ 70,000 & \$ 45,000 \\\hline \text { End of the year } & 130,000 & 40,000 \\\hline\end{array}$ Determine the net income or loss for the year in each of the following situations:
a.The stockholders made no investments in the business and no dividends were paid during the year.
b.The stockholders made an investment of $20,000 and a dividend of $12,000 was paid during the year.

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Definitions:

Cyber-relationship

An interpersonal relationship that is primarily maintained through electronic communication technologies such as social media, email, or messaging apps.

Gaming

The act of playing games, primarily video or computer games, often viewed as a form of entertainment or hobby.

Sexual

Pertaining to or involving sex, sexual activity, sexual organs, or sexual reproduction.

Media Violence

The depiction of violent acts in media outlets, such as television, movies, video games, and the internet, and its potential impact on behavior.