Compute the missing amount for each of the following separate companies in columns B through E....
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Compute the missing amount for each of the following separate companies in columns B through E. (Losses and amounts to be deducted should be indicated with a minus sign.) Equity, beginning of year Owner investments during the year Owner withdrawals during the year Net income (loss) for the year Equity, end of year $ $ CBS 0 $ 115,500 111,500 117,500 $ ABC 0 $ (55,000) 58,975 113,975 CNN 0 $ 102,713 (9,000) (5,000) NBC 0 226,665 (56,000) $ 126,665 Compute the missing amount for each of the following separate companies in columns B through E. (Losses and amounts to be deducted should be indicated with a minus sign.) Equity, beginning of year Owner investments during the year Owner withdrawals during the year Net income (loss) for the year Equity, end of year $ $ CBS 0 $ 115,500 111,500 117,500 $ ABC 0 $ (55,000) 58,975 113,975 CNN 0 $ 102,713 (9,000) (5,000) NBC 0 226,665 (56,000) $ 126,665
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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