. Consolidated net income for 20x9 was $160,000. • Setwork reported net income of $50,000 for 20X9. • Power paid dividends of $30,000 in 2009. . Setwork paid dividends of $10,000 in 2009. • Power issued common stock on February 18, 20X9, for a total of $100,000. • Consolidated wages payable decreased by $6,000 in 20X9. . Consolidated depreciation expense for the year was $15,000. . Consolidated accounts receivable decreased by $20,000 in 20X9. • Bonds payable of Power with a book value of $102,000 were retired for $100,000 Consolidated amortization expense on patents was $10,000 for 20X9. Power sold land that i
. Consolidated net income for 20x9 was $160,000. • Setwork reported net income of $50,000 for 20X9. • Power paid dividends of $30,000 in 2009. . Setwork paid dividends of $10,000 in 2009. • Power issued common stock on February 18, 20X9, for a total of $100,000. • Consolidated wages payable decreased by $6,000 in 20X9. . Consolidated depreciation expense for the year was $15,000. . Consolidated accounts receivable decreased by $20,000 in 20X9. • Bonds payable of Power with a book value of $102,000 were retired for $100,000 Consolidated amortization expense on patents was $10,000 for 20X9. Power sold land that i
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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