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6.An income statement tracks the amount of money you have coming in and going out over some period of time, like a month or a year.
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- Need help with the questions. The last question was find the Net income during the year.Using Table 6–13, create a pro forma balance sheet using the percentage of sales method. If net income next year is $50,000, answer the following: How much did the owners take out of the business? What is the profit margin for next year?Which one of the following is a current assets? a. Note payable in eleven months b. Estimated taxes just paid c. Loan payment due in 13 months d. Amount due from a customer in 30 days .l
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