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Please see the attached document. I need this in 4 hours. Thanks so much E4-1 (Computation of Net Income) Presented below are changes in the
Please see the attached document. I need this in 4 hours. Thanks so much
E4-1 (Computation of Net Income) Presented below are changes in the account balance for Fritz Reiner Furniture Co. During the current year, except for retained earnings Increase (Decrease) __________ 79,000 45,000 127,000 (47,000) (51,000) 82,000 125,000 Cash Accounts Receivable (Net) Inventory Investments Accounts Payable Bonds Payable Common Stock Paid-In-Capital in Excess of ParCommon Stock 13,000 Instructions Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $19,000 which was paid in the current yearStep by Step Solution
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