At the end of the current period, Aberdeen Company reports the following amounts: Assets = $25,000; Liabilities

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At the end of the current period, Aberdeen Company reports the following amounts:

Assets = $25,000; Liabilities = $15,000; Dividends = $3,000; Revenues = $20,000; Expenses =

$13,000. Calculate net income and stockholders' equity at the end of the period.

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Loose Leaf For Financial Accounting For Managers

ISBN: 978-1264503988

1st Edition

Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland

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