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Each of the following situations relates to a different company. A. For each of these independent situations, find the missing amounts. Company A Company B
Each of the following situations relates to a different company. A. For each of these independent situations, find the missing amounts. Company A Company B Company C Company D 1 Revenues $16,700 $170,000 $ 86,000 $240,000 2 Expenses 12,100 174,800 X 74,000 246,300 3 Gains 770 1,650 0 12,800 V 4 Losses 930 6,400 5,700 0 5 Net Income or (Loss) $ 4,040 X $(9,450) $6,300 $6,500 B. How would stakeholders view the financial performance of each company? Company A has strong core business and minor impact from gains/losses. Company B has poor core business and unfavorable gains/losses. Company C has solid core business negatively impacted by large loss. Company D has poor core business results that were hidden by large gain. Feedback Check My Work for Company A compute net income in the usual fashion. For the other companies, start with the stated net inc your answer by com
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