Net income was $3,900 and retained earnings at the end were $39,900. However, the bookkeeper made some adjustments at the end of the year and realized that revenues increased by $2,200 and expenses decrease by $900. What is net income after adjustment?
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- I keep getting the answer 0.119% But it is informing me that this answer is wrong. Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $273,110 Interest expense 48,190 Average total assets 2,700,000 Determine the return on total assets. If required, round the answer to one decimal place.In the current year, Aveeno reported net income of $54,880, which was a 12% increase over prior year net income. Compute prior year net income. Prior year net incomeAt the end of the year, Dahl Enterprises estimates the uncollectible accounts expense to be 0.8 percent of net sales of $7,575,000. The current credit balance of Allowance for Uncollectible Accounts is $12,900. Prepare the entry to record the uncollectible accounts expense. What is the balance of Allowance for Uncollectible Accounts after this adjustment? You must show your computations.
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