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View Full Version : Calculation of the net income


mrihal
May 22, 2008, 06:19 PM
Haloran reported the following assets and liabilities balances at the end of 20D and 20E
For 20D: Total Assets : $6,800,000
Total Liabilities: $3,200,000
Cash: 750,000

For 20E: Total Assets: $7,600,000
Total Liabilitied: 3,600,000
Cash: 920,000

What is the Net Income/Loss for 20E?

Please answer ASAP.
Any help will be appreciated!

morgaine300
May 22, 2008, 09:30 PM
We are not here to just do your homework for you. We're here to help you understand how to do your own work for yourself.

I also don't respond well to things like "please answer ASAP." We are all here voluntarily and we answer when we are here and have time. Your schedule is your responsibility, not ours.