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A company had the following comparative balance sheets at the beginning and ending of the year: December 31 January 1 $300 Assets $350 Liabilities $180
A company had the following comparative balance sheets at the beginning and ending of the year: December 31 January 1 $300 Assets $350 Liabilities $180 $200 Shareholders equity ? ? Which of the following sets of activities are consistent with these comparative balance sheets? Net income of $50; dividends of $30; Stock issued for cash of $10. Net income of $40; dividends of $5: Stock issued for cash of $15. Net income of $20, dividends of $15; Stock issued for cash of $5. Net income of $10; dividends of $10; Stock issued for cash of $10
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