Question
A company had the following assets and liabilities at the beginning and end of the current year: Assets Liabilities Beginning of year $ 231,000 $
A company had the following assets and liabilities at the beginning and end of the current year:
| Assets | Liabilities | |||
| Beginning of year | $ | 231,000 | $ | 96,500 |
| End of the year | 262,000 | 78,400 | ||
|
| ||||
Common stock in the amount of $ 23,500 was issued and dividends of $ 6,700 were paid during the year. What is the amount of net income for the year?
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Management Accounting And Strategic Human Resource Management
Authors: John Innes, Reza Kouhy
1st Edition
1859714862, 978-1859714867
