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Business, 17.09.2019 19:30 zmoore3793

Company is in the second year of operations. they have total assets of $200,000 at the end of the first year. during the first year, the company incurs liabilities of $75,000 and stockholders invested $80,000 in the form of paid in capital. on the assumption no dividends were declared in the first year of operations, what is the amount of net income?

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