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One item is omitted in the following summary of balance sheet and income statement data for a company. Determine the missing amount. [Hint: First determine
One item is omitted in the following summary of balance sheet and income statement data for a company. Determine the missing amount. [Hint: First determine the amount of increase or decrease in stockholders' equity during the year.] Beginning of the year: AL Assets 400,000 Liabilities 200,000 End of the year: Assets 800,000 Liabilities 450,000 During the year: Additional issue of capital stock Dividends 50,000 Revenues 175,000 Expenses 65,000
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