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=as of the+end+of+its+accounting+period+december+31+year+1,great+plains+company+has+assets+of+$909,865.00+and+liabilities+of+$277,240.+during+the+year+2+,stockholders+invested+an+additional+$28,882+and+received+$25,695.00+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+$982,720.00+and+liabilities+were+$230,604.
=as of the+end+of+its+accounting+period+december+31+year+1,great+plains+company+has+assets+of+$909,865.00+and+liabilities+of+$277,240.+during+the+year+2+,stockholders+invested+an+additional+$28,882+and+received+$25,695.00+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+$982,720.00+and+liabilities+were+$230,604.
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Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
