Keller Company issued stock to Amy Keller in exchange for her investment of $78,000 cash in the business. The company recorded revenues of $624,000 and expenses of $547,000, and the company paid dividends of $42,000. What was Keller's net income for the year?
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Keller Company issued stock to Amy Keller in exchange for her investment of $78,000 cash in the business. The company recorded revenues of $624,000 and expenses of $547,000, and the company paid dividends of $42,000. What was Keller's net income for the year?

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- I am looking for help with this general accounting question using proper accounting standards.Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out 30% of net income in dividends each year.Use the information in the following T-account for the investment in Windsor to answer the following questions. Investment in Windsor Co. 910,000 99,000 29,700 (a) How much was Bonita Co.’s share of Windsor Co.’s net income for the year? Net income $enter Bonita’s net income in dollars (b) What was Windsor Co.’s total net income for the year? Total net income $enter the total net income of WindsorCo. for the year (c) What was Windsor Co.’s total dividends for the year? Total Dividends $enter the total dividends of WindsorCo. for the year (d) How much was Bonita Co.’s share of Windsor Co.’s dividends for the year? Dividends $enter the dollar amount of dividends for Bonita Co.Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 20X8. During the year ended 31 December 20X8 she paid $65,000 capital into the business and withdrew $800 per month. At 31 December 20X8, Amy had assets of $614,130 and liabilities of $369,770. What was Amy’s profit for the year ended 31 December 20X8?
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