Sue krebs is the sole owner and operator of immigrant


Sue Krebs is the sole owner and operator of Immigrant Relocator Services. As of the end of its accounting period, December 31, 2005, Immigrant Relocator Services has assets of $925,000 and liabilities of $285,000. During 2006, Sue Krebs invested an additional $50,000 and withdrew $30,000 from the business. What is the amount of net income during 2006 for Immigrant Relocator Services, assuming that as of December 31, 2006, assets were $980,000, and liabilities were $255,000? $ 95,000 $ 65,000 $165,000 $725,000

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Financial Accounting: Sue krebs is the sole owner and operator of immigrant
Reference No:- TGS01605544

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