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Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets at the beginning of the year were $5,300,000;

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Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets at the beginning of the year were $5,300,000; total stockholders' equity was $2,800,000. The company's tax rate is 30%

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