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Wembey Corporation started the year with total liabilities of $500,000 and total assets of $675,000. During the year the business recorded $290,000 in revenues
Wembey Corporation started the year with total liabilities of $500,000 and total assets of $675,000. During the year the business recorded $290,000 in revenues and $170,000 in expenses. The net income reported by Wembey Corporation for the year was $41,000 $58,000 $120,000 $175,000
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