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Business, 28.01.2020 02:31 velazquezemmy45

Acompany has been in business for five years. as of december 31, 2008, the company had assets of $475,000 and liabilities of $200,000. after a successful year of business in 2009, the company's assets had increased by $95,000, and liabilities had increased by $40,000. while no new investments were made into the company during 2009, a dividend of $12,000 was paid to owners. based on this information, determine the company's net income for the year 2009.

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Acompany has been in business for five years. as of december 31, 2008, the company had assets of $47...
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