Question: In Lakes 2010 income statement, how much should be reported for royalty revenue? a. $14,000 b. $13,000 c. $11,000 d. $ 9,000

In Lake’s 2010 income statement, how much should be reported for royalty revenue?

a. $14,000

b. $13,000

c. $11,000

d. $ 9,000

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