HELP PLEASE!! Exercise 1-4 Calculate net income and stockholders' equity [LO2] [The following information applies to the questions displayed below.] Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $43,500; Liabilities = $20,500; Dividends = $2,140; Revenues = $13,100; Expenses = $8,200. 1) Calculate net income. 2) Calculate stockholders' equity at the end of the period.

Question

dumbcow · Answer

positive income is Assets, Dividends, and Revenue
negative income is Liability and Expenses

not sure about equity, i think its just Assets - Liabilities but i could be wrong