Question

Daiichi Company’s total assets and liabilities at the beginning and end of the year follow.


Determine Daiichi’s net income or loss for the year under each of the following alternatives:
1. The owner made no investments in or withdrawals from the business during the year.
2. The owner made no investments in the business but withdrew $27,500 during the year.
3. The owner invested $16,250 in the business but made no withdrawals during the year.
4. The owner invested $12,500 in the business and withdrew $27,500 during theyear.


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  • CreatedMarch 26, 2014
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