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14. (2 ponts) This problem does not relate to chapter 6: you have seen this type of problem before in Chapter 4. Changes in all
14. (2 ponts) This problem does not relate to chapter 6: you have seen this type of problem before in Chapter 4. Changes in all of Dot's balance sheet accounts during the current year. EXCEPT the change in Dot's retained earnings account follow. Compute Dot's net income (or net loss) for the year assuming the only two entries Dot made to her retained earings account during the year were for a cash dividend declared and paid of $10,000 and her net income (or net loss) for the year. This is NOT a statement of cash flows problem - do NOT format it like a statement of cash flows problem.) Cash decreased Accounts recervable decreased Inventory decreased Fixed assets increased Accumulated depreciation increased Accounts payable increased Notes payable decreased Common stock increased Additional pad-in-capital increased $ 25,000 $ 15,000 $100,000 $165,000 $ 90,000 $120,000 $ 50,000 $5,000 $145.000 14. (2 ponts) This problem does not relate to chapter 6: you have seen this type of problem before in Chapter 4. Changes in all of Dot's balance sheet accounts during the current year. EXCEPT the change in Dot's retained earnings account follow. Compute Dot's net income (or net loss) for the year assuming the only two entries Dot made to her retained earings account during the year were for a cash dividend declared and paid of $10,000 and her net income (or net loss) for the year. This is NOT a statement of cash flows problem - do NOT format it like a statement of cash flows problem.) Cash decreased Accounts recervable decreased Inventory decreased Fixed assets increased Accumulated depreciation increased Accounts payable increased Notes payable decreased Common stock increased Additional pad-in-capital increased $ 25,000 $ 15,000 $100,000 $165,000 $ 90,000 $120,000 $ 50,000 $5,000 $145.000
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