FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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In the process of using the net worth method, ou find that the reported taxable income of a person is $92,000 and overall personal expenes are $61,000. The net worth you calculate through various records at year end is $611,000 while the net worth amount at the beginning of the year is $430,000. Any unexplained net worth increase or decrease would be?
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