Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current

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Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $40,000; Liabilities = $22,000; Dividends = $2,000; Revenues = $12,000; Expenses = $8,000.
Required:
1. Calculate net income.
2. Calculate stockholders' equity at the end of the period?
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Related Book For  answer-question

Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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