Question
In its first year of operation Froggie companys revenue for the year amounted to $5,000. Cash collections of accounts receivable amounted to $2,300. Expenses for
In its first year of operation Froggie companys revenue for the year amounted to $5,000. Cash collections of accounts receivable amounted to $2,300. Expenses for the period were $2,100. The company paid dividends of $450. Net income for the period was
A. $1,200.
B. $2,900. C. $2,850. D. $2,450.
Select one:
a. Choice A
b. Choice B
c. Choice C
d. Choice D
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
