Baltimore Company experienced an increase in total assets of $10,500 during the current year.
Baltimore Company experienced an increase in total assets of $10,500 during the current year. During the
same time period, total liabilities increased $2,100. Shareholders made no investments during the year and no dividends were paid. How much was Baltimore’s net income
Annapolis Corporation’s trial balance included debits to expense accounts of $165,000, credits to revenue accounts of $252,000, and debits to the Dividends account of $50,000. Based on this information, what is the amount of the company’s net income or loss. Enter a loss as a negative number.
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