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As of the end of its accounting period,December 31, Year 1,Great Plains company has assets of $929,614 and liabilities of $270,275. During Year 2, stockholders
As of the end of its accounting period,December 31, Year 1,Great Plains company has assets of $929,614 and liabilities of $270,275. During Year 2, stockholders invested an additional $28,453. and received $25,259. in dividends from the business. what is the net income during year 2,assuming that as of December 31,year 2 ,assets were $982,604. and liabilities were $231,787.
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