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Business, 15.07.2020 02:01 noreenhussain
As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000. During 2016, the stockholders invested an additional $100,000 and paid dividends of $60,000 from the business. What is the net income for the company during 2016, assuming that as of December 31, 2016, assets were $1,960,000, and liabilities were $510,000
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As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000....
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