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A new corporation ended its first 1 point year of operations with assets of $100,000,...

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Accounting

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A new corporation ended its first 1 point year of operations with assets of $100,000, liabilities of $75,000, and contributed capital (common shares) of $10,000. What was the corporation's net income for the year? O $25,000 O $65,000 O $90,000 $75,000 O $15,000

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