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Shep Company's records show the following information for the current year. Determine net income (loss) for each of the following separate situations. Note: For all
Shep Company's records show the following information for the current year. Determine net income (loss) for each of the following separate situations. Note: For all requirements, losses should be entered with a minus sign. a. Additional common stock of $4,000 was issued and dividends of $8,000 were paid during the current year. b. Additional common stock of $15,250 was issued and no dividends were paid during the current year. c. No additional common stock was issued and dividends of $13,000 were paid during the current year
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