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The following information about the assets and liabilities at the end of 2009 and 2010 is given below: 2013 2014 Assets $75,000 $90,000 Liabilities 36,000
The following information about the assets and liabilities at the end of 2009 and 2010 is given below:
2013 2014
Assets $75,000 $90,000
Liabilities 36,000 45,000
If net income was $1,500 and there were no dividends, how much did equity increase from new stock issuances?
a. | $40,500 | |
b. | $45,000 | |
c. | $ 6,000 | |
d. | $ 4,500 |
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