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Swifty Corporation began the year by issuing $80000 of common stock for cash. The company recorded revenues of $743000, expenses of $672000, and paid dividends
Swifty Corporation began the year by issuing $80000 of common stock for cash. The company recorded revenues of $743000, expenses of $672000, and paid dividends of $40000. What was Swifty's net income for the year? O $151000 O $31000 O $111000 O $71000
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