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What amount of net income did the company earn

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Question - Carlton 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, there was an investment of $40,000 in the business, and the company paid dividends of $48,000. What amount of net income did the company earn during the year?

Reference no: EM132488384

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