Emily had an excellent year as a salesperson in 2015, earning $97,000. she paid $37,000 for necessities such as mortgage, food, and clothing. her state and federal income taxes totaled $24,000. what was her discretionary income?
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On October 1, 2016, Flounder Corp. issued $780,000, 9%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31.
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