COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
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Chapter 11, Problem 13DQ
To determine

Discuss who make the payment of premium for workers’ compensation insurance.

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I am searching for the correct answer to this general accounting problem with proper accounting rules.
Please help me solve this general accounting question using the right accounting principles.
Justin Company issued stock to Tom Justin in exchange for his investment of $78,000 cash in the business. The company recorded revenues of $645,000 and expenses of $572,000, and the company paid dividends of $35,000. What was Justin's net income for the year?
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