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Bundle: Financial & Managerial Acc...

13th Edition
Carl Warren + 2 others
ISBN: 9781305720619

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BuyFindarrow_forward

Bundle: Financial & Managerial Acc...

13th Edition
Carl Warren + 2 others
ISBN: 9781305720619
To determine

Net income: The net income refers to the excess of revenues over expenses, in a business after making all the adjustments. The net income can be expressed as follows:

Net Income = Revenues - Expenses

Stockholder’s equity: Stockholder’s equity refers to the right the owner posses over the resources of the business. Revenues and the expenses are the components of the Stockholder’s equity.

Stockholder's Equity = {(Common Stock)+(Dividends)+((Revenues)(Expenses))}

To determine: the net income for the given companies.

Explanation

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