Solution-Determine its profit or loss for the year

Determine its profit or loss for the year

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A company's net worth decreased $425,000 during the year just ended. It didn't pay cash dividends during the year, and it didn't issue or retire capital stock during the year. Determine its profit or loss for the year.

A company's net worth decreased $585,000 during the year just ended. It didn't pay cash dividends during the year, but it issued additional capital stock shares during the year for $150,000. Determine its profit or loss for the year.

Reference no: EM13506733

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Determine its profit or loss for the year

Reference no: EM13506733

Reference no: EM13506733

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