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At the end of the accounting period of Year 1, Mark Company has Assets of $700,000 and Liabilities of $400,000. During Year 2, Mark Company
At the end of the accounting period of Year 1, Mark Company has Assets of $700,000 and Liabilities of $400,000. During Year 2, Mark Company issued $75,000 of additional Capital Stock and paid $24,000 in cash Dividends. What is the amount of Net Income during Year 2, assuming that at the end of Year 2, Mark Company has Assets of $850,000 and Liabilities of $450,000
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