Additional capital stock was issued


Net income (or net loss) during 2011, assuming that as of December 31, 2011, assets were $960,000, liabilities were $156,000, and there were no dividends and no additional capital stock was issued and in December 31, 2010, assets of $760,000 and liabilities of $240,000.

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Accounting Basics: Additional capital stock was issued
Reference No:- TGS089045

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