The Slider Company, a new business, experienced the following events in 20X1: Purchased an inventory of 9 cell phones for $720 cash. Sold 4 of the cell phones for $700 cash. Paid $80 for advertising expenses. Declared and paid $25 of dividends. If these are the only events for 20X1, what is Slider Co.'s net income? Please enter your answer as a whole number without a dollar sign (e.g., 100)

Answer rating: 100% (QA)

To calculate Slider Companys net income we need to sum ... View the full answer