Revenue on account amounted to $3,000. Cash collections of accounts receivable amounted to $2,700. Cash paid for
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Question:
Revenue on account amounted to $3,000. Cash collections of accounts receivable amounted to $2,700. Cash paid for expenses amounted to $2,500. Net Income is:
Multiple Choice
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$200
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$300
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$500
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None of the above
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: