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A for-profit hospital reports net worth of $240,000 on December 31, 2016, and net worth...

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Accounting

A for-profit hospital reports net worth of $240,000 on December 31, 2016, and net worth of $280,000 on December 31, 2017. The hospital paid dividends of $10,000. What was the organization's net income for the period ended December 31, 2017?

$10,000 $50,000 $40,000 $30,000

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