Josephine's Bakery Had the Following Assets and Liabilities at the Beginning

question 189

Essay

Josephine's Bakery had the following assets and liabilities at the beginning and end of the current year:
$\begin{array}{|l|r|r|}\hline & \text { Assets } & \text { Liabilities } \\\hline \text { Beginning of the year } & \$ 114,000 & \$ 68,000 \\\hline \text { End of the year } & 135,000 & 73,000 \\\hline\end{array}$ If the owners invested an additional $12,000 in the business during the year, but no dividends were paid, what was the amount of net income earned by Josephine's Bakery during the current year?

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Definitions:

2 to 3 Years

A developmental stage in toddlers marked by significant growth in motor skills, language acquisition, and personal social awareness.

Decrease

A reduction in size, quantity, or extent of something.

Disliked Food

Foods that evoke a negative sensory response or are not preferred by an individual, often due to taste, texture, or past experiences.

Sample

A subset of a population selected for measurement, observation, or questioning to provide data for analysis.