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Kizner Corporation started the year with total liabilities of $430,000 and total assets of $610,000. During the year the business recorded $276,000 in revenues and

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Kizner Corporation started the year with total liabilities of $430,000 and total assets of $610,000. During the year the business recorded $276,000 in revenues and $98,000 in expenses. The net income reported by Kizner Corporation for the year was $41,000 $58,000 $120,000 $178,000

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