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xenn [34]
3 years ago
8

If a company had a beginning balance of $69,000 on its statement of changes in owner's equity, the owner had drawings of $15,000

and the ending balance was $76,000, how much net income was recorded
Business
1 answer:
liberstina [14]3 years ago
6 0

Answer: $22,000

Explanation:

The Statement of Changes in Equity records how the equity holdings of shareholders has change during the year. It includes drawings which reduce the balance and net income which adds to it.

Net income = Ending balance - Opening balance + Drawings

= 76,000 - 69,000 + 15,000

= $22,000

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4 0
2 years ago
If Helen travels 567 miles in 9 hours, how far does she travel in one hour?
BlackZzzverrR [31]

Answer:

Helen would travel 63 miles in one hour. Also known as -
|| 63 miles per hour ||

Explanation:

In order to find how far she would travel in one hour we first have to see how far she traveled in all. Which would be 567 miles. We know she took 9 hours to travel this far. By dividing 567 miles by 9 hours then we can find out how far she traveled in one hour. So 567/9 = 63.  

Have a good rest of your day. I hope this helps! ^^

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2 years ago
What is deficit financing?
FrozenT [24]
I think it might be C, but i'm not sure
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4 years ago
Read 2 more answers
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