Problem:
San Mateo healthcare has an equity balance of $1.38 million at the beginning of the year. At the end of the year if the equity balance was $1.98 million.
1) Assume that San Mateo is a not-for-profit organization. What was the net income for the period?
2) Now assume that San Mateo is an investor and business
. assuming zero dividends, what was San Mateo's net income?
. assuming $200,000 is dividends, what was the net income?
. assuming $200,000 is dividends and $300,000 in additional stock sales, what was San Mateo's net income?