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Compute net income for mcrae company

Question: Given the following information, compute 2003 net income for McRae Company.

Stock holders' equity - January 1, 2003 $105,000
Stock holders' equity - December 31, 2003 140,000
Stock holders' investments during 2003 25,000
Dividens paid during 2003 38,000

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Accounting Basics: Compute net income for mcrae company

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