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What was sheffield net income for the year

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Problem - Sheffield Corp. began the year by issuing $79000 of common stock for cash. The company recorded revenues of $760000, expenses of $661000, and paid dividends of $45000. What was Sheffield's net income for the year?

A) $178000

B) $99000

C) $133000

D) $54000

Reference no: EM133035428

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