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Question : Financial information related to Ebony Interiors for


Financial information related to Ebony Interiors for February and March 2018 is as follows:




Financial information related to Ebony Interiors for February and March 2018 is -1


A. Prepare balance sheets for Ebony Interiors as of February 28 and March 31, 2018.
B. Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month.
C. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $50,000 were paid during the month.

2.99

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