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A Company Had the Following Assets and Liabilities at the Beginning

Question 172

Multiple Choice

A company had the following assets and liabilities at the beginning and end of the current year:
A company had the following assets and liabilities at the beginning and end of the current year: Common stock in the amount of $15,000 was issued and dividends of $5,000 were paid during the year.What is the amount of net income for the year? A) $44,000. B) $34,000. C) $24,000. D) $54,000.
Common stock in the amount of $15,000 was issued and dividends of $5,000 were paid during the year.What is the amount of net income for the year?


A) $44,000.
B) $34,000.
C) $24,000.
D) $54,000.

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