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GREYUIT [131]
3 years ago
8

uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amou

nted to and ​, respectively. During the​ year, the company did not issue any common​ stock, but it distributed dividends of . Calculate​ Dynamic's net income for the year.
Business
1 answer:
VARVARA [1.3K]3 years ago
8 0

Answer: $20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>

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2 years ago
How many cases of bankruptcy cases are provided for in the bankruptcy code
tia_tia [17]
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Hope this helps!
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3 years ago
what are the building blocks of a personality select all that apply A. emotional qualities B, ethnic identity
taurus [48]

Answer:

A

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4 years ago
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Answer:

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6 0
3 years ago
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KIM [24]

Answer:

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