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Hello, I need help figuring out this problem.... During 2016, Banigo Corporation experienced an increase in total assets of $72,600 and an increase in total
Hello, I need help figuring out this problem....During 2016, Banigo Corporation experienced an increase in total assets of $72,600 and an increase in total liabilities of $40,900. Assuming that capital stock increased by $5,000 and no dividends were paid, calculate Banigo's net income or net loss for 2016.
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