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Business, 11.10.2021 01:00 minmaddiee

Allen Marks is the sole stockholder of Great Marks company. As of December 2013, Great Marks Company has assets of $940,000 and liabilities of $300,000. During 2014 Allen purchased an additional $73,000 of capital stock and received $33,000 in cash dividends from the business. What is the amount of net income of Great Marks Company during 2014, assuming as of December 2014, assets were $995,000 and liabilities were $270,000?

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Allen Marks is the sole stockholder of Great Marks company. As of December 2013, Great Marks Company...
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