Carlton company had assetsof $280,000 & liabilities of $120,000 at the

Ask a New Question

Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the business, and the company made withdrawals of $48,000. What amount of net income did the company earn during the year?

2 answers

8000

123456

Similar Questions

At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increased by $80,000, and at
1. 2 answers
At the beginning of the year, Keller Company's liabilities equal $75,000. During the year, assets increase by $60,000, and at
1. 1 answer
At the beginning of the year, Keller Company's liabilities equal $64,000. During the year, assets increase by $60,000, and at
1. 0 answers
Beginning of Year: Assets: $28,000 Liabilities: $17,000End of Year: Assets: $61,000 Liabilities: $27,000 If the company issues
1. 1 answer