Marcie Davies owns operates Gemini Advertising Services. On January 1, 2018, Marcie Davies, capital had a balance of $618,500. During the year, Marcie invested an additional 40,000and withdrew $15,000. For year ended December 31, 2018. Gemini Advertising Services reported a net income of 92,330

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 56P
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Marcie Davies owns operates Gemini Advertising Services. On January 1, 2018, Marcie Davies, capital had a balance of $618,500. During the year, Marcie invested an additional 40,000and withdrew $15,000. For year ended December 31, 2018. Gemini Advertising Services reported a net income of 92,330

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