Vaughn Manufacturing began the year with retained earnings of $ 114000 . During 2022, the company issued
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Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock for cash. The company recorded revenues of $735000, expenses of $647000, and paid dividends of $36000. What was Vaughn's net income for the year 2022?
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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