What was patriots net income, Accounting Basics

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What was patriots net income

The following changes in Patriots Corp account balances occured during 2011 :

assets $267,000 increase
liabilities $81,000 increase
capital stock $198,000

Patriot paid dividends of $39,000 during the year. There were no changes in retained earnings for 2011 except dividends and net income. What was Patriots net income for 2011?

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Accounting Basics: What was patriots net income

Reference No:- TGS0711549

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Recent Questions Asked Accounting Basics

Q : How to an egocentric client so it is necessary

Q : What is the professional care and the variable costs

Q : Ryan co purchased a machine

Q : Does she need to file income tax return

Q : What was patriots net income

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Q : What should be the special order price per watch

Q : How to blanace on completing the work sheet

Q : Assume that the venture is undertaken and an order is placed

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was patriots net income

Reference No:- TGS0711549

Recent Questions Asked Accounting Basics

Q : How to an egocentric client so it is necessary

Q : What is the professional care and the variable costs

Q : Ryan co purchased a machine

Q : Does she need to file income tax return

Q : What was patriots net income

Q : Discuss the sale of an arrowhead collection

Q : What should be the special order price per watch

Q : How to blanace on completing the work sheet

Q : Assume that the venture is undertaken and an order is placed

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