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Will be grateful for your answer A new corporation ended its first year of operations with assets of $100,000, 1 point liabilities of $75,000, and

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Will be grateful for your answer

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A new corporation ended its first year of operations with assets of $100,000, 1 point liabilities of $75,000, and contributed capital (common shares) of $10,000. What was the corporation's profit for the year? $25,000 O $65,000 O $90,000 O $75,000 O $15,000 O Other

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