STUDENT HANDBOOK FOR FINDING AND CORRECTING …
6. Solve for the unknown net income or net loss: 105,210 – 35,000 (view calculator screen at this point 70,210 to determine if result will be income or loss) (it is net income because it will take an increase to Retained Earnings to get from 70,210 to 162,890) - 162,890 = 92,680 net income ................
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