The changes in account balances for Elder Company for 2018 are as follows: Assets Common...
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Accounting
The changes in account balances for Elder Company for 2018 are as follows: Assets Common stock Liabilities Paid-in capital-excess of par $498,000 debit 232,000 credit 147,000 credit 21,000 credit Assuming the only changes in retained earnings in 2018 were for net income and a $60,000 dividend, what was net income for 2018
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