During the year dividends of 30000 were paid and 25000 of, Ask an Expert

Accounting

The amount of net income for the year was? the total assets and total liabilitiesof a particular business enterprise at the beginning and at the end of the year are stated below. During the year, dividends of 30,000 were paid and 25,000 of additional capital stock were issued. Beginning of year: Asset-290,000, Liabilities-190,000 and Ending of year: Asset-355,000, Liabilities-220,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9101646

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