At the end of the year, Marsh Manufacturing's net assets were $40,000. Net income calculated by using the capital maintenance concept was $12,000. During the year, additional common stock was issued for $8,000, and $5,000 of dividends were paid. The net assets at the beginning of the year were:.
a. $31,000.
b. $37,000.
c. $20,000.
d. $25,000.
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At the end of the year, Marsh Manufacturing's net assets were $40,000. Net income calculated by usin...
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