Question
Charlie's Chocolates' has accounts receivable of $66,000 and accounts payable of $28,000. The company has revenues of $99,000 and expenses of $72,000. Calculate its net
Charlie's Chocolates' has accounts receivable of $66,000 and accounts payable of $28,000. The company has revenues of $99,000 and expenses of $72,000. Calculate its net income.
a. $99,000
b. $27,000
c. $72,000
d. $65,000
e. $38,000
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
