Plumbers-on-the-Oriole Ltd. started the year with total assets of $139000 and total liabilities of $94000. During the year, the business recorded $82190 in service revenues, $46900 in expenses, and paid dividends of $4400. The net income reported for the year was a) $46900. b) $35290. c) $30890. d) $46900.

Plumbers-on-the-Oriole Ltd. started the year with total assets of $139000 and total liabilities of $94000. During the year, the business recorded $82190 in service revenues, $46900 in expenses, and paid dividends of $4400. The net income reported for the year was a) $46900. b) $35290. c) $30890. d) $46900.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8PROB

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