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QUESTION
Retail Stores of Georgia experienced an increase in total assets of $14,000 during the current year. During the same time period, total liabilities...
Retail Stores of Georgia experienced an increase in total assets of $14,000 during the current year. During the same time period, total liabilities increased $2,000. Shareholders made no investments during the year and no dividends were paid. How much was Retail's net income?
