Fat Crane's Service Shop started the year with total assets of $324000 and total liabilities of $232000. During the year, the business recorded $639000 in revenues, $431000 in expenses, and paid dividends of $60400. The net income reported by Fat Crane's Service Shop for the year was $232000. $208000. $147600. $268400.

Fat Crane's Service Shop started the year with total assets of $324000 and total liabilities of $232000. During the year, the business recorded $639000 in revenues, $431000 in expenses, and paid dividends of $60400. The net income reported by Fat Crane's Service Shop for the year was $232000. $208000. $147600. $268400.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8PROB

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