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The changes in account balances of ENIGMA Co. during 2020 are as follows: Assets: P133,500 increase Liabilities: P40,500 decrease Ordinary share capital: P90,000 increase Share premium: P9,000 increase.
Problem 1: Assuming there are no changes in retained earnings except for net income and a dividend payment of P19,500, how much is the net income (net loss) for 2020?
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He further confides in you that without the investment income from Smart & Safe Securities, he would not be able to pay his home mortgage
20122011from the income statementnet sales729373678960from the balance sheetaccounts receivable net1491915036customer
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assume that tracy company uses a periodic inventory system and has these account balances purchases 440600 purchase
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