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Question 30 0/1 pts In 2021, a company computed net income to be $100,000 without the following transactions: Received $25,000 from issuing 250 shares
Question 30 0/1 pts In 2021, a company computed net income to be $100,000 without the following transactions: Received $25,000 from issuing 250 shares of common stock for $100 per share; par value is $1 per share. Declared and paid dividends of $10,000. Reissued treasury stock for $30,000; the cost of the treasury stock was $26,000. What is the correct 2021 net income? Enter your answer without dollar signs (e.g., 5,000 or 5000). You Answered 119,000 Correct Answers 100,000 (with margin: 0) Question 31 0/1 pts On Nov. 1, 2021, a company loaned a supplier $90,000 and received a 12%, 6-month note. Principal and interest are due on May 1, 2022. How much Interest Revenue did the company record in 2021 and 2022? $0 in 2021; $5,400 in 2022 You Answered $3,600 in 2021; $7,200 in 2022 $0 in 2021; $10,800 in 2022 Correct Answer $1,800 in 2021; $3,600 in 2022
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