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4. SMT Inc. experienced an increase in total assets of $2,000 during the current year. During the same year, total liabilities decreased $6,000. If dividends

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4. SMT Inc. experienced an increase in total assets of $2,000 during the current year. During the same year, total liabilities decreased $6,000. If dividends for the year were $10,000 and the owners made no additional investment, how much was net income? A. $14,000 B. $6,000 C. $18,000 D. $2,000

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