Question
Joan Associates began a year with total assets of $500,000 and total liabilities of $200,000. Net income for the year was $100,000 and no dividends
Joan Associates began a year with total assets of $500,000 and total liabilities of $200,000. Net income for the year was $100,000 and no dividends were paid. How much is shareholders equity at the end of the year?
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The Power Of Accounting What The Numbers Mean And How To Use Them
Authors: Lawrence Lewis
1st Edition
0415884306, 978-0415884303
