Revenue on account amounted to $7,600. Cash collections of accounts receivable amounted to $5,000.Expenses for the period

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Revenue on account amounted to $7,600. Cash collections of accounts receivable amounted to $5,000.Expenses for the period were $3,900. The company paid dividends of $1,350.

What was net income for theperiod?

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Intermediate Accounting

ISBN: 978-1133957911

19th edition

Authors: Earl K. Stice, James D. Stice

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Posted Date: Apr 19, 2023 12:33 AM

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Revenue on account amounted to $7,600. Cash collections of accounts receivable amounted to $5,000.Expenses for the period

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To calculate the net income for the period we need to subtract the expenses and dividends paid from ... View the full answer

Intermediate Accounting

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