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During May, Brown Company earned revenue of $318,000, incurred expenses of $204,000, of which $144,000 were on account, and paid dividends of $48,000. Net income
During May, Brown Company earned revenue of $318,000, incurred expenses of $204,000, of which $144,000 were on account, and paid dividends of $48,000. Net income (loss) for the month is
Select one: a. $66,000 b. $114,000 c. ($60,000) d. $174,000
During May, Brown Company earned revenue of $318,000, incurred expenses of $204,000, of which $144,000 were on account, and paid dividends of $48,000. Net income (loss) for the month is
Select one:
a. $66,000
b. $114,000
c. ($60,000)
d. $174,000
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