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What is the amount of net income for year two

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Reference no: EM132518579

Question 1: Stosch's company balance sheet reported assets of $40000, liabilities of $15000 and common stock of $12000 as of Dec 31st year 1. Retained earnings on the Dec 31st year 2 balance sheet is $18000 and Stosch paid a $14000 dividend in year 2. what is the amount of net income for year 2?

Reference no: EM132518579

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