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Question #5 In 2020, a company paid dividends of $30,000 to its stockholders, had $300,000 in revenue, and had $240,000 of expenses. At the end
Question #5
In 2020, a company paid dividends of $30,000 to its stockholders, had $300,000 in revenue, and had $240,000 of expenses. At the end of 2021, the company's total assets were $1,080,000 and total liabilities were $428,000. Calculate the companys net income for 2020.
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