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Calculate Carlisle Clinic equity balance as of December

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Question - Carlisle Clinic Inc., a for-profit organization, began 2022 with an equity balance of $1,000,000. Assuming Carlisle Clinic reported a net income of $200,000 for the year ended December 31, 2021, and had no other adjustments to equity during 2021. Calculate Carlisle Clinic's equity balance as of December 31, 2020.

Reference no: EM133147584

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