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What is the net income for the period

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Reference no: EM132572343

X Enterprises had a capital balance of $160,000 at the beginning of the period. At the end of the accounting period, the capital balance was $190,000.

Question (a) Assuming no additional investment or withdrawals during the period, what is the net income for the period?

Question (b) Assuming an additional investment another company of $10,000 but no withdrawals during the period, what is the net income for the period?

Reference no: EM132572343

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