The following accounts are taken from the December 31, 2011 financial statements of a company. Accounts...

   

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The following accounts are taken from the December 31, 2011 financial statements of a company. Accounts payable Accounts receivable Selling & Administrative expenses Cash Contributed capital Dividends Income tax expense Interest expense Other expenses Notes payable Other assets Other liabilities Other operating expenses Other revenue Property and equipment Retained earnings as of December 31, 2010 Salaries expense Supplies Service revenue What is the amount of net income for the year 2011? $ 2,075 800 2.500 2,200 2,000 1,900 400 75 500 5,000 2,500 3,000 2,000 300 11,000 4,800 3,000 300 10,000 What is the amount of total assets at the end of 2011? What is the amount of total liabilities at the end of 2011? The following accounts are taken from the December 31, 2011 financial statements of a company. Accounts payable Accounts receivable Selling & Administrative expenses Cash Contributed capital Dividends Income tax expense Interest expense Other expenses Notes payable Other assets Other liabilities Other operating expenses Other revenue Property and equipment Retained earnings as of December 31, 2010 Salaries expense Supplies Service revenue What is the amount of net income for the year 2011? $ 2,075 800 2.500 2,200 2,000 1,900 400 75 500 5,000 2,500 3,000 2,000 300 11,000 4,800 3,000 300 10,000 What is the amount of total assets at the end of 2011? What is the amount of total liabilities at the end of 2011?

Answer rating: 100% (QA)

1 To calculate the net income for the year 2011 we need to gather the relevant information from the ... View the full answer