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Mica Company began operations in October 2014. During October, Mica sold ordinary shares for 400,000, earned revenue of 80,000, incurred expenses of 30,000, and
Mica Company began operations in October 2014. During October, Mica sold ordinary shares for 400,000, earned revenue of 80,000, incurred expenses of 30,000, and paid dividends of 5,000. Net income during the month is: 50000 80000 30000 x x x 25000 X
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