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The following financial information belongs to Noor Company on December 31, 2019: Accounts Accounts Noor, Capital $1,000,000 Equipment $1,600,000 Advertising expense 200,000 Cash 3,000,000 Salaries
The following financial information belongs to Noor Company on December 31, 2019: Accounts Accounts Noor, Capital $1,000,000 Equipment $1,600,000 Advertising expense 200,000 Cash 3,000,000 Salaries expense 1,000,000 Utilities expense 800,000 Accounts receivable 600,000 Rent expense 200,000 Supplies 600,000 Revenues 5,000,000 Accounts payable 2.200,000 Noor, Drawings 200,000 Required: Use the above information to calculate the net income, ending capital, and total assets of Noor Company for the year ended 31 December 2019. Paragraph B /
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