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#2 Exercise 14 (Static) Calculate net income and stockholders' equity (LO1-2) Eagle Comporation operates Magnetic Resonance lmaging (MRi) clinics throughout the Northeast. At the end
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Exercise 14 (Static) Calculate net income and stockholders' equity (LO1-2) Eagle Comporation operates Magnetic Resonance lmaging (MRi) clinics throughout the Northeast. At the end of the current period, the compary reports the following amounts: Assets =$50,000, Liablities =$27,000, Dividends =$3,000, Revenues =$14,000, Expenses = 59,000 Required: 1. Calculate net income 2. Calculate stockholders equity at the end of the period Step by Step Solution
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