Solution-What was Sylvester stockholders equity as of

What was Sylvester stockholders equity as of January

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Reference no: EM132710767

Problem - Assume that as of January 1, 20Y8, Sylvester Consulting has total assets of $500,000 and total liabilities of $150,000. As of December 31, 20Y8, Sylvester has total liabilities of $200,000 and total stockholders' equity of $400,000.

Required -

(a) What was Sylvester's stockholders' equity as of January 1, 20Y8?

(b) Assume that Sylvester did not pay any dividends during 20Y8. What was the amount of net income for 20Y8?

Reference no: EM132710767

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What was Sylvester stockholders equity as of January

Reference no: EM132710767

Reference no: EM132710767

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