Question
Question 3 Changes in account balances of Multi-Plus Inc. during 2012 were: Increase Assets $420,000 Liabilities 125,000 Capital Stock 100,000 Additional Paid-In Capital140,000 Retained Earnings
Question 3
Changes in account balances of Multi-Plus Inc. during 2012 were:
Increase
Assets $420,000
Liabilities 125,000
Capital Stock 100,000
Additional Paid-In Capital140,000
Retained Earnings ?
Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
a.($7,000)
b.$55,000
c.$117,000
d.$257,000
e.none of the answers are correct
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
