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Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $3,050. Expenses for the period were $2,600. The company paid dividends of
Revenue on account amounted to $5,000. Cash collections of accounts receivable amounted to $3,050. Expenses for the period were $2,600. The company paid dividends of $700. What was the amount of net income for the period? O Multiple Choice $1,700 $450 $2.350 $2,400
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Design And Maintenance Of Accounting Manuals
Authors: Harry L. Brown
3rd Edition
0471253685, 978-0471253686
