Recall how to calculate net income using the following information: + Common Stock $50,000 = $10,000...

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Recall how to calculate net income using the following information: + Common Stock $50,000 = $10,000 +$10,000 Total Assets = Llabilities - Dividends +Revenues - Expenses +$35,000 - $3,000 $2,000 O Assets Liabilities = Net Income O Common Stock - Expenses = Net Income O Revenues - Expenses = Net Income O Revenues + Expenses = Net Income Recall how to calculate net income using the following information: + Common Stock $50,000 = $10,000 +$10,000 Total Assets = Llabilities - Dividends +Revenues - Expenses +$35,000 - $3,000 $2,000 O Assets Liabilities = Net Income O Common Stock - Expenses = Net Income O Revenues - Expenses = Net Income O Revenues + Expenses = Net Income

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To calculate net income you need to consider revenues and expenses Net income is calculated as t... View the full answer