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Firm L had net assets at the end of the year of $390,000. Theonly transactions affecting stockholders' equity during the yearwere net income of $57,000

Firm L had net assets at the end of the year of $390,000. Theonly transactions affecting stockholders' equity during the yearwere net income of $57,000 and dividends of $27,000. Required:Calculate 1 answer

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