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Compute the net income for the year

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Question - Calculation of net income from the changes in stockholder's equity. Presented bellow is certain information pertaining to Edson Company

Assets, January 1 $250,000

Assets, December 31 230,000

Liabilities, January 1 150,000

Common Stock, December 31 80,000

Retained earnings, December 31 31,000

Common stock sold during the year 10,000

Dividends declare during the year 13,000

Required - Compute the net income for the year?

Reference no: EM133103116

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