On january 1, christian company showed total assets of 5,000,000, total liabilities of million and contributed capital of 2 million. during the current year, the entity issued share capital of 500,000 par value at a premium of 300,000. dividend of 250,000 was paid on december 31. on december 31, total assets amounted to 7500000 And total liabilities amounted to 3200000. what amount was reported as net income for the current vear ?

On january 1, christian company showed total assets of 5,000,000, total liabilities of million and contributed capital of 2 million. during the current year, the entity issued share capital of 500,000 par value at a premium of 300,000. dividend of 250,000 was paid on december 31. on december 31, total assets amounted to 7500000 And total liabilities amounted to 3200000. what amount was reported as net income for the current vear ?

Name: On january 1, christian company showed total assets of 5,000,000, tot
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Description: On january 1, christian company showed total assets of 5,000,000, total liabilities of 2million and contributed capital of 2 million. during the current year, the entity issuedshare capital of 500,000 par value at a premium of 300,000. dividend of 2

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter12: Corporations: Organization, Capital Structure, And Operating Rules

Section: Chapter Questions

Problem 4BCRQ

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