Suppose a company had the following accounts and balances at year end: Sales revenue .......... $5,400 Interest
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Suppose a company had the following accounts and balances at year end:
Sales revenue .......... $5,400
Interest revenue ......... $1,200
Rent expense .......... $1,240
Other operating expenses ...... $3,050
Dividends paid .......... $1,000
Calculate net income by preparing the income statement for the year.
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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