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Ashleys accessory shop started the tear with total assets of $210,000 and total liabilities of $120,000. During the year the business recorded $330,000 in revenues,
Ashleys accessory shop started the tear with total assets of $210,000 and total liabilities of $120,000. During the year the business recorded $330,000 in revenues, $165,000 in expenses, and dividends of $60,000. The net income reported by Ashley's accessory shop for the year was? A. $165,000 B $150,000 C $195,000 D $120,000
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