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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $907,891 and liabilities of $272,222. During
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $907,891 and liabilities of $272,222. During Year 2, stockholders invested an additional $28,830 and received $25,703 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $984,233 and liabilities were $233,547? Oa. $25,703 Ob. $38,675 Oc. $76.342 Od. $111,890
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