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QUESTION 21 Calculate the Net Income given the following Information Revenue: $6000 Gross Margin Percentage: 20% G&E expenses: $850 Depreciation Expense: $195 8 points QUESTION
QUESTION 21
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Calculate the Net Income given the following Information
Revenue: $6000
Gross Margin Percentage: 20%
G&E expenses: $850
Depreciation Expense: $195
8 points
QUESTION 22
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Differentiate between the Governmental and for-profit Financial statements. Identify the primary statements for each and briefly describe what they convey to the reader.
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