Homework Help: accounting

Posted by Monica on Wednesday, April 20, 2011 at 3:15pm.

Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the business, and the company made withdrawals of $48,000. What amount of net income did the company earn during the year?

accounting - SraJMcGin, Wednesday, April 20, 2011 at 6:32pm
See if any of the following links will help:

http://search.yahoo.com/search?fr=mcafee&p=how+to+figure+the+net+income+of+a+company+during+a+year

Sra

Answer this Question

Related Questions

Accounting Math - Can anyone please show me the calculation for these problems: ...
Accounting - At the beginning of the year, Keller Company's liabilities ...
accounting - :The balance sheet for Glenwood Corporation at December 31, 2011, ...
accounting - At the beginning of the year, Logan company's assets are $200,...
finance and accounting - Account Word Problems like this I seem not to get the ...
Finance - At the beginning of the year Washington had a total assets of $300,000...
business - Using the financial statements for the Goodyear Calendar Company, ...
Business - Using the financial statements for the Goodyear Calendar Company, ...
Math - On March 31, 2009, Wolfson Corporation acquired all of the outstanding ...
accounting - Lily Company had the following assets and liabilities on the dates ...

For Further Reading

First Name:
School Subject:
Answer: