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Calculate stockholders equity at the end of the period

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Question - Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts:

Assets = $49,000; Liabilities = $26,500; Dividends = $2,900; Revenues = $13,800; Expenses = $8,900.

Required -

1. Calculate net income.

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

Reference no: EM133119248

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