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Assume beginning assets of 60000 ending assets of 80000 a

Question - Assume beginning assets of $60,000, ending assets of $80,000, a $12,000 decrease in liabilities, and ending stockholders' equity of $50,000. If dividends were twice the capital stock issuances of $20,000, how much was net income for the period?

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Accounting Basics: Assume beginning assets of 60000 ending assets of 80000 a

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