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    erinw1983's Avatar
    erinw1983 Posts: 1, Reputation: 1
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    #1

    Jan 14, 2010, 12:27 PM
    How to compute net income for current year
    If given the changes in the accounts for the year like, cash, a/p, inventory, etc how do u compute the net income from this information?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jan 14, 2010, 06:26 PM

    Net income is revenues less expenses, so changes in the accounts you names can't determine it.
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