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Check At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $528,000. During the year, liabilities increased
Check At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $528,000. During the year, liabilities increased by $25,000 to $222,000; paid-in capital increased by $35,000 to $176,000; and assets increased by $258,000. Dividends declared and paid during the year were $61,000. points Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) eBook Stockholders' Equity PIC + RE Hint Assets = Liabilities + Print $528,000 SE Beginning Changes 258,000 = 25,000 + 35,000 + References Ending - $ 222,000 + $ 176,000 +
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