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How much was beta net income for the year

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Question - Beta had beginning total assets of $30,000 and ending total assets of $70,000. During the year, total liabilities increased $15,000. In addition, common stock of $20,000 was issued at par and dividends of $6,000 were declared and paid. How much was Beta's net income for the year. HINT: Use changes un the accounting equation to solve this problem.

Reference no: EM132067141

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