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The Total Assets and the Total Liabilities of a Business

Question 2

Essay

The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, the company paid $60,000 in cash dividends and issued an additional $45,000 of capital stock.
The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, the company paid $60,000 in cash dividends and issued an additional $45,000 of capital stock. Calculate the net income for the year. Calculate the net income for the year.

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