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Business, 22.02.2022 22:00 nathanthomasmoses

At the beginning of Year 2, X Company had assets of $300, liabilities of $150, and common stock of $50. During Year 2, the company earned revenue of $500, incurred expenses of $200, and paid dividends of $50. All transactions were cash transactions The amount of net income reported on X Company's December 31, Year 2 income statement would be

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