he balance of stockholders' equity at the beginning of the year and the end of the year was $ 60 comma 000 and $ 67 comma 000, respectively. The company issued no common stock during the year. Dividends were $ 22 comma 000. What was the net income or loss for the year?

Net Income in this context will take into consideration the place of dividends paid out to the investors. Net income is usually the difference between the revenue and the expenses for the year. Since, dividends is an expense for the company, a work back based on the balance of stockholders' equity and dividend will yield the net income.

Net Income will be calculated as follows

Ending Balance of Stockholders' equity + Dividends - Beginning Balance

= $67,000+ $22,000- $60,000

= $29,000 (Net Income for the year)

he balance of​ stockholders' equity at the beginning of the year and the end of the year was $ 60 comma 000 and $ 67 comma 000​, respectively. The company issued no common stock during the year. Dividends were $ 22 comma 000. What was the net income or loss for the​ year?

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he balance of stockholders' equity at the beginning of the year and the end of the year was $ 60 comma 000 and $ 67 comma 000, respectively. The company issued no common stock during the year. Dividends were $ 22 comma 000. What was the net income or loss for the year?