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(Solved): Hi, I need to know how to calculate the net income, total assets, and total liabilities from this in ...
Hi, I need to know how to calculate the net income, total assets, and total liabilities from this income statement. I planned on using this formula to get the net income. Gameplan: Use this formula | Beginning retained earnings + net income - dividends - repurchases = ending balance. But I am open to other ways of solving.
Consider the case for August Corporation below. Use this information to answer Questions 9-11.