What is the net income or net loss for the year

Reference no: EM131191278

Question - The Stay Healthy Medical Clinic's Balance sheet on December 31, 2014 showed an owner's equity of 1,280,000. The December 31, 2015 balance sheet showed an owner's equity of 1,520,000. During the year, the owner withdrew 210,000 for personal use. What is the net income or net loss for the year 2015? Present the owner's equity statement for year ended December 31, 2015.

Reference no: EM131191278

Questions Cloud

The law of criminal attempt is intolerably unclear discuss : MLL 214 CRIMINAL LAW Assignment- The law of criminal attempt is intolerably unclear. Parliament should legislate a clear definition of what constitutes an 'attempt'. Discuss

How ones perspective toward diversity affect an organization : Diversity and multiculturalism are important aspects to consider in this global environment. It is critical to understand how one's perspective toward multiculturalism and diversity affects an organization.

Investigate procedure that are require under corporation act : Investigate information about the role of the Australian Securities Exchange in society. Investigate the procedure that are required under Corporations Act 2001 to establish a small proprietary company.

Implement green supply chain management : ERCBA 110 Supply Chain Management Assignment. What are the advantages and disadvantages for SME to implement Green Supply Chain Management? Explain with relevant example of a SME that has successfully implemented green Supply chain in their business ..

What is the net income or net loss for the year : The Stay Healthy Medical Clinic's Balance sheet on December 31, 2014 showed an owner's equity of 1,280,000. What is the net income or net loss for the year 2015

Describe the preparation of iodine for use in food test : QUESTION, Describe the preparation of iodine for use in food test, A positive iodine test, Describe the tests for carbohydrates

Microscopy : Outline the procedure for calibration of a light microscope, The procedure of focusing in light microscope, Explain four factors ways of obtaining maximum amount of resolution in bright field microscope

Calculate the quantity of electricity q : Calculate the quantity of electricity Q, Calculate the moles of copper and silver deposited, Calculate the amount of copper and silver that will be deposited by 96500 coulombs of electricity

Calculate the ph of a solution containing : Calculate the pH of a solution containing 020M CH3COOH and 0.30M CH3COONa, (b) What would be the pH of 0.20M CH3COOH solution be if CH3COONa were not present

User Account

All Pages