On December 31, Merry Capital account showed a balance of 28,000. The balance on January 1 was
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On December 31, Merry Capital account showed a balance of 28,000. The balance on January 1 was $ 6000 for 2022. The company withdrew $ 2000 every quarter and, in addition, invested 20,000. What was the company's net income or loss for the year?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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