X Enterprises had a capital balance of $160,000 at the beginning of the period. At the end

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X Enterprises had a capital balance of $160,000 at the beginning of the period. At the end of the accounting period, the capital balance was $190,000.

(a) Assuming no additional investment or withdrawals during the period, what is the net income for the period?

(b) Assuming an additional investment another company of $10,000 but no withdrawals during the period, what is the net income for the period?

Posted Date: Jun 22, 2024 12:03 AM

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X Enterprises had a capital balance of $160,000 at the beginning of the period. At the end

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