Goetter Corporation's Comparative Balance Sheet Appears Below

question 4

Essay

Goetter Corporation's comparative balance sheet appears below:
The company's net income (loss) for the year was $5,000 and its cash dividends were $2,000.
Required:
Classify the change for the year in each balance sheet account as a source, use, or neither a source nor a use. (Do this only for the individual accounts-not for totals or subtotals.)

---

Definitions:

Statutory Rape

is a criminal offense involving sexual activity with a person who is below the legal age of consent, as defined by statute.

Internet Enticement

The act of using the internet to lure or seduce someone into an illegal act, often pertaining to sexual offenses against minors.

Undercover

Operation or activity in which someone secretly gathers information or carries out tasks, often by assuming a false identity.

Arrested

The act of being taken into police custody, often as part of the criminal justice process due to suspicion of having committed a crime.