The december 31, year 1, balance sheet for deen company showed total stockholders' equity of $65,500. total stockholders' equity increased by $33,000 between december 31, year 1, and december 31, year 2.

during year 2, deen company acquired $13,500 cash from the issue of common stock. deen company paid a $6,000 cash dividend to the stockholders during year 2.

required:

determine the amount of net income or loss deen reported on its year 2 income statement.

Consider the following explanation

Explanation:

Stockholder's Equity on December 31,Year 2 =Stockholder's Equity on December 31,Year 1 + Net income - Dividends + Shares Issued

Net Income = Stockholder's Equity on December 31,Year 2 - Stockholder's Equity on December 31,Year 1 + Dividends - Shares Issued

= ( $ 33,000 + $ 65,500) - $ 65,500 + $ 6000 - $ 13,500

= $ 25,500

Hence the correct answer is $ 25,500

answer; /// blank(1); increases; blank(2); decreases;

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;