Following Are the Total Assets and Liabilities at the Beginning

question 143

Essay

Following are the total assets and liabilities at the beginning and end of the year for Maren Corporation:
$$\begin{array} { | l | r | r | } \hline &{ \text { Assets } } & \text { Liabilities } \\\hline \text { Begingine of the year } & \$ 70,000 & 45,000 \\\hline \text { End of the year } & 130,000 & 40,000 \\\hline\end{array}$$ 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:

Plasma Membranes

A pair of lipid layers that forms a barrier around the cell's cytoplasm, controlling the import and export of cellular materials.

Adhesion Belt

A protein complex located just below the tight junctions in epithelial cells, contributing to the formation of an adhesive junction that holds cells together.

Apocrine

A type of gland that secretes substances (such as sweat) by shedding part of the cell, found in various parts of the body including armpits and groin.

Holocrine

A mode of secretion in which the entire cell disintegrates to release its substances, often seen in sebaceous glands.