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During 2022, Hiroto had the following transactions: Salary $50,000 Bank loan (proceeds used to buy personal auto) 10,000 Alimony paid (divorce was finalized in 2010)
During 2022, Hiroto had the following transactions:
| Salary | $50,000 |
| Bank loan (proceeds used to buy personal auto) | 10,000 |
| Alimony paid (divorce was finalized in 2010) | 12,000 |
| Child support paid | 6,000 |
| Gift from aunt | 20,000 |
Hiroto's AGI is:
a.$38,000.
b.$32,000.
c.$56,000.
d.$44,000.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
