In tha 1st year, on an investment of 600000, the loss is 5% and in the second year the gain is is 10% find the net gain or loss
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Johnsen Company earned service revenue on account of $300,000 and had cash collections of $130,000 for the year. During the year, uncollectible accounts receivable of $2,000 were written off. At December 31, an aging-of-accounts receivable schedule indicated that John
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