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24. If assets and liabilities at the beginning of the year were $205,000 and $140,000 respectively and at the end of the year were $225,000

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24. If assets and liabilities at the beginning of the year were $205,000 and $140,000 respectively and at the end of the year were $225,000 and $175,000 respectively, calculate the net income if dividends of $35,000 were paid and $10,000 of additional capital stock was issued. a. Net income of $10,000 b. Net income of $25,000 c. Net income of $15,000 d. Net loss of $15,000 15000=10,0001 wetincor 15000+25000= Netincaus

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