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During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, a
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As of December 31, 2010, Thomas Company had total assets of $156,000, total liabilities of $85,600, and common stock of $52,400. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, and paid a $2,000 cash dividend to the stockholders. View more questions Search
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