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Assume that Lululemon Athletica Inc. reported the following summarized data at December 31,2020. Accounts appear in no particular order. Revenues: $275, Other Liabilities: $38, Other
Assume that Lululemon Athletica Inc. reported the following summarized data at December 31,2020. Accounts appear in no particular order. Revenues: $275, Other Liabilities: $38, Other assets: $101, Cash and other Current assets: 53, Accounts Payable: $5, Expenses: $244, Shareholder's equity: $80. Prepare the Trail Balance of Lululemon at December 31,2020. List the accounts in proper order, as shown on "in class" practice. How much was Lululemon's net income or net loss?
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