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tjoshie77 tjoshie77
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5 years ago
The increases in account balances of XYZ during 1999 are presented below:
Assets $456,000 Common Shares 240,000
Liabilities 148,000 Other Contributed Capital 24,000
Assuming the only debit to retained earnings was for a dividend of $52,000, net income for 1999
was:
A) $8,000
B) $68,000
C) $96,000
D) $104,000
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Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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squereqsquereq
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5 years ago
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tjoshie77 Author
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5 years ago
Happy Dummy I'm impressed
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