Business, 27.03.2020 17:51, meganwintergirl

On December 31, 2015, the net assets of Martinez Manufacturing amounted to $40,000. Net income calculated by using the financial capital maintenance concept amounted to $12,000. During the year, additional common stock was issued for $8,000, and $5,000 of dividends was paid. The net assets at January 1, 2015, amounted toa. $31,000b. $37,000c. $20,000d. $25,000

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On December 31, 2015, the net assets of Martinez Manufacturing amounted to $40,000. Net income calcu...