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You are given the following data for the country of Poplar: National income $765 Personal income taxes 215 Other income not paid out 36 Corporate
You are given the following data for the country of Poplar:
| National income | $765 |
| Personal income taxes | 215 |
| Other income not paid out | 36 |
| Corporate profit taxes | 64 |
| Undistributed profits | 42 |
| Transfer payments | 117 |
a) What is the value of personal income? b) What is the value of disposable income?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
