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Talent Acquisition Company had total assets of $550,000 and total shareholders' equity of $350,000 at...

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Accounting

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Talent Acquisition Company had total assets of $550,000 and total shareholders' equity of $350,000 at the beginning of the year. During the year, total assets increased by $150,000, total liabilities increased by $250,000, and dividends were declared and paid in the amount of $200,000, No other transactions occurred except revenues and expenses. Calculate net income for the year

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