Assets were $1,500,000, liabilities were $375,000, and there were no additional investments or withdrawals What is the net income amount?
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Assets were $1,500,000, liabilities were $375,000, and there were no additional investments or withdrawals What is the net income amount?
With just the information provided you only have enough to solve for Equity. Equity = Assets - Liabilities
There should be more information in your problem that was is listed.
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