How do you determine net income using a stockholder’s equity statment?
filed in Talk about dog on Jun.05, 2009
I need to determine a company's net income for 2009. I have 2008 and 2009's stockholder's equity statement. How do I determine net income?
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June 5th, 2009 on 5:22 pm
If there has been no other entry that affects stockholder's equity, then the change between the two year balances reflects the net income. If on the other hand the 2009 value is lower than the the 2008 value, then the company experienced a net loss.