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Question # 45 Revisit Choose the best option The following changes in account balances of the Marvel Corporation during 2007 are presented below: Increase Assets
Question # 45 Revisit Choose the best option The following changes in account balances of the Marvel Corporation during 2007 are presented below: Increase Assets = $356,000 - Liabilities = $108,000 Capital stock = $240,000 . Additional paid - in capital $24,000 Assuming there were no charges to retained earnings other than for a dividend payment of $52,000, the net income for 2007 should be O $16,000 $36,000 O $52,000 $68,000
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