What is the net income assuming that 15000 of dividends


Use the following data for Question:

                                                       TotalAssets                  Total Stockholders Equity

Beginning of theyear                     $ 50,000                                $10,000

End of theyear                              $125,000                                $30,000

What is the net income assuming that $15,000 of dividends were paidand $$20,000 of stock was issued (ignore taxes)?

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Accounting Basics: What is the net income assuming that 15000 of dividends
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