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Assuming that no dividends were declared and that no

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Reference no: EM13583554

The Claremont company reported the following financial results during its first two years of operations:

  • Year end Assets = Liabilities + Shareholders equity
    • Year 1... $110,000 =$60,0000 + $50,0000
  • Year 2.... 125,000. = 80,0000. +. $45,000

Assuming that no dividends were declared and that no additional capital was invested in Year 2, what was the net income( loss) for the Claremont Company in Year 2?

Reference no: EM13583554

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