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Business, 28.06.2019 06:40 lekylawhite16
At the beginning of the current fiscal year, the balance sheet for davis co. showed liabilities of $448,000. during the year, liabilities decreased by $25,200, assets increased by $91,000, and paid-in capital increased from $42,000 to $268,800. dividends declared and paid during the year were $35,000. at the end of the year, stockholders’ equity totaled $600,600.required: calculate net income (or loss) for the year.
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At the beginning of the current fiscal year, the balance sheet for davis co. showed liabilities of $...
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