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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 $3,800 was issued, and dividends of $7,800 were paid during the current year b. Additional common stock of $15,200 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12,800 were paid during the current year
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