CALCULATION OF INCOME FROM BALANCE SHEET DATA. During 19x5, Moore Corporation had no changes in its capital
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CALCULATION OF INCOME FROM BALANCE SHEET DATA. During 19x5, Moore Corporation had no changes in its capital stock and paid $16,000. in dividends.
Moore’s assets and liabilities at the end of 19x4 and 19x5 were:
REQUIRED:
Using the information provided, compute Moore’s net income for 19x5.
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