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Information related to the Berkley Company for current year is as follows: $350 700 Assets, beginning of year Assets, end of year Liabilities, beginning of

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Information related to the Berkley Company for current year is as follows: $350 700 Assets, beginning of year Assets, end of year Liabilities, beginning of year Liabilities, end of year Dividends 250 400 90 Assuming no common stock was issued during the year, what is the amount of net income earned by Berkely Company for the current year? $290 O $110 o $260 O $200

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