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5. Calculate net income using the following appropriate information: Assets, $20,000; Liabilities, $12,000; Revenues, $55,000; Total expenses, $22,000; Dividends, $2,500. $33,000 $30,500 $52,000 $55,500
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Calculate net income using the following appropriate information: Assets, $20,000; Liabilities, $12,000; Revenues, $55,000; Total expenses, $22,000; Dividends, $2,500. $33,000 $30,500 $52,000 $55,500Step by Step Solution
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