A certain company started business on January 1, 2019 with assets of $1,000,000 and stockholders' equity of $565,000. By the end of the year, assets increased by $100,000 and liabilities decreased by $150,000. Other than net income or loss, the only change in stockholders' equity was dividends of $50,000.
A)What was the amount total stockholders' equity at the end of the year?
B)What was the amount net income or net loss for the year?

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The Answer of A certain company started business on January 1, 2019 with assets of $1,000,000 and stockholders' equity of $565,000. By the end of the year, assets increased by $100,000 and liabilities decreased by $150,000. Other than net income or loss, the only change in stockholders' equity was dividends of $50,000.

A Certain Company Started Business on January 1, 2019 with Assets