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    mrihal's Avatar
    mrihal Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 22, 2008, 06:19 PM
    Calculation of the net income
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    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.
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