Business, 16.04.2020 19:58 23lopezjimenezl

Christopher Porter is the sole owner and operator of Quatty Company. As of the end of its accounting period, December 31,2013, Quatty Company assets of $925,000 and Liabilities of $285,000. During 2014, Christopher Porter invested an additional $50,000 and paid dividend of $30,000 from the business. What is the amount of NET INCOME during 2014, assuming that as of December 31,2014 assets were $980,000, and liabilities were $225,000

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Christopher Porter is the sole owner and operator of Quatty Company. As of the end of its accounting...

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