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Exercise 1-53 (Algorithmic) Relationships Among the Financial Statements During 2019, Moore Corporation paid $14,400 of dividends. Moore's assets, liabilities, and common stock at the end
Exercise 1-53 (Algorithmic) Relationships Among the Financial Statements During 2019, Moore Corporation paid $14,400 of dividends. Moore's assets, liabilities, and common stock at the end of 2018 and 2019 were: 12/31/2018 12/31/2019 Total assets $144,100 $178,000 Total liabilities 52,600 59,700 Common stock 60,000 60,000 Required: Using the information provided, compute Moore's net income for 2019
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