During the year 2011, Dilego Company earned revenues of $45,000, had expenses of $28,000, purchased assets with

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During the year 2011, Dilego Company earned revenues of $45,000, had expenses of $28,000, purchased assets with a cost of $5,000 and paid dividends of $3,000. Net income for the year is

a). $45,000.

b). $20,000.

c). $17,000.

d). $15,000.

Related Book For answer-question

Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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Posted Date: Jan 17, 2021 11:07 AM

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During the year 2011, Dilego Company earned revenues of $45,000, had expenses of $28,000, purchased assets with

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Financial Accounting

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