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Calculate stockholders equity at the end of the period

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Question - Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $30,000; Liabilities = $17,000; Dividends = $1,000; Revenues = $10,000; Expenses = $7,000.

Required -

1. Calculate net income.

2. Calculate stockholders' equity at the end of the period.

Reference no: EM132815835

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