Vivaldi company had assets of 280000 and liabilities of, Ask an Expert

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Vivaldi Company had assets of $280,000 and liabilities of $120,000 at the beginning of the year, and assets of $400,000 and liabilities of $140,000 at the end of the year. During the year, an additional $40,000 of common stock was issued, and the company paid dividends of $48,000. What amount of net income did the company earn during the year?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91586771

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