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A company had the following assets and liabilities at the beginning and end of the current year: Assets Liabilities Beginning of year $ 230,000 $
| A company had the following assets and liabilities at the beginning and end of the current year: |
| Assets | Liabilities | |||
| Beginning of year | $ | 230,000 | $ | 96,000 |
| End of the year | 261,000 | 78,200 | ||
|
| ||||
Common stock in the amount of $ 23,000 was issued and dividends of $ 6,600 were paid during the year. What is the amount of net income for the year?
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The Internal Auditing Pocket Guide
Authors: J. P. Russell
1st Edition
0873895606, 978-0873895606
