Net income and stockholders' equity for four businesses four different corporations, aries, gemini, leo, and pisces, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of stockholders' equity, are summarized as follows: total assets total liabilities beginning of the year $66,400 $26,600 end of the year $106,200 $44,600 on the basis of the above data and the following additional information for the year, determine the net income (or loss) of each company for the year.

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Aminor has the legal right to repudiate