Question
On January 1, 2022, Swifty Company reported owners equity of $704300. During the year, the owner withdrew cash of $29200. At December 31, 2022, the
On January 1, 2022, Swifty Company reported owners equity of $704300. During the year, the owner withdrew cash of $29200. At December 31, 2022, the balance in owners equity was $824800. What amount of net income or net loss would the company report for 2022?
Net income of $149700
Net income of $120500
Net loss of $91300
Net income of $211800
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
