Calculation of net income from the change in shareholders' equity
Presented below are changes in all account balances of Heys Inc. during last year, except for retained earnings.
The only entries in retained earnings were for net income and a dividend declaration of $12,000.
Instructions
Calculate the net income for last year.
Definitions:
Geographically Close
Being in a location that is physically near or in proximity to another specified point or area.
LAN
Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, laboratory, or office building.
Original Order
The primary or initial instruction or request made before any changes or alterations.
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