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The balance sheet of Sub America reports total equity of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on

The balance sheet of Sub America reports total equity of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on equity for the year is 10%. What is Sub America's net income for the year?

$42,500.

$45,000.

$4,250,000.

$85,000.

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Question

The balance sheet of Sub America reports total equity of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on

The balance sheet of Sub America reports total equity of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on equity for the year is 10%. What is Sub America's net income for the year? $42,500. $45,000. $4,250,000. $85,000.

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The balance sheet of Sub America reports total equity of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on equity for the year is 10%. What is Sub America's net income for the year?

$42,500.

$45,000.

$4,250,000.

$85,000.