Net income : The net income refers to the excess of revenues over expenses, in a business after making all the adjustments. The net income can be expressed as follows: Net Income = Revenues - Expenses Stockholder’s equity : Stockholder’s equity refers to the right the owner posses over the resources of the business. Revenues and the expenses are the components of the Stockholder’s equity. Stockholder's Equity = { ( Common Stock ) + ( Dividends ) + ( ( Revenues ) – ( Expenses ) ) } To determine : the net income for the given companies.

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Chapter 1, Problem 1.15EX

To determine

Net income: The net income refers to the excess of revenues over expenses, in a business after making all the adjustments. The net income can be expressed as follows:

Net Income = Revenues - Expenses

Stockholder’s equity: Stockholder’s equity refers to the right the owner posses over the resources of the business. Revenues and the expenses are the components of the Stockholder’s equity.

Stockholder's Equity = {(Common Stock)+(Dividends)+((Revenues)–(Expenses))}

To determine: the net income for the given companies.

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