The work sheet for Bridges Company shows net income of $40,000. The following four adjustments were ignored:

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The work sheet for Bridges Company shows net income of $40,000. The following four adjustments were ignored:

1 Subscriptions Fees earned, $1,200.

2 Depreciation of equipment, $4,000.

3 Depreciation of building, $10,000.

4 Salaries accrued, $3,000.

What is the correct net income?

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Related Book For  book-img-for-question

Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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