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Calculate net income or net loss for January

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Reference no: EM132831773

Question - The following information is taken from the records of Rosebloom Flowers for the year 2019.

Revenues: Jan. $36,425

Gains: Feb. 2,820

Losses: Mar. 8,695

Expenses: Feb. 50,807

Gains: Jan. 0

Revenues: Mar. 53,580

Losses: Feb. 3,760

Revenues: Feb. 88,243

Expenses: Jan. 48,786

Gains: Mar. 13,160

Required -

A. Calculate net income or net loss for January.

B. Calculate net income or net loss for February.

C. Calculate net income or net loss for March.

D. For each situation, comment on how a stakeholder might view the firm's performance. (Hint: think about the source of the income or loss.)

Reference no: EM132831773

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