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What was the net income for the year for dimsum corporation

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Reference no: EM132810266

Problem 1: Dimsum Corporation's total assets increased by $50,000 and total liabilities decreased by $20,000 during the year. If no additional investment was made by the investors during the year and dividends of $14,000 were paid, what was the net income for the year?

Reference no: EM132810266

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