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QUESTION 27 Gowen, Inc. began the year with equity of 51,000,000 and 100,000 shares of stock outstanding. During the year the firm paid a dividend
QUESTION 27 Gowen, Inc. began the year with equity of 51,000,000 and 100,000 shares of stock outstanding. During the year the firm paid a dividend of $1.50 per share. Year-end equity was $1,100,000. Assuming no other factors impacted equity, what was Gowen, Inc.'s net income for the year? a. $100,000 b.$150,000 c. $200,000 d. $250,000 e $300,000
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