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During the year 2011, Diego Company earned revenues of $45,000, had expenses of $25,000, purchased assets with a cost of $5,000 and paid dividends of

During the year 2011, Diego Company earned revenues of $45,000, had expenses of $25,000, purchased assets with a cost of $5,000 and paid dividends of $3,000. Net income for the year is Answer A. $45,000. B. $20,000. C. $17,000. D. $15,000

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