Construct the current balance sheet


Response to the following problem:

Information Control issued 10 million shares of new stock at a total price of $43 million, and issued $10 million in new long-term debt. The company generated $9 million in net income and paid $2 million in dividends. Construct the current balance sheet reflecting the changes that occurred at Information Control Corp. during the year.

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Financial Accounting: Construct the current balance sheet
Reference No:- TGS02081808

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