Ex. 4-103Calculation of net income from the change in stockholders' equity. Presented below is certain...
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Accounting
Ex. 4-103Calculation of net income from the change in stockholders' equity.
Presented below is certain information pertaining to Edson Company. (8 points)
Assets, January 1 $250,000
Assets, December 31 230,000
Liabilities, January 1 150,000
Common stock, December 31 90,000
Retained earnings, December 31 41,000
Common stock sold during the year 10,000
Dividends declared during the year 13,000
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