Finney Company Began the Year by Issuing $40,000 of Common

question 56

Multiple Choice

Finney Company began the year by issuing $40,000 of common stock for cash. The company recorded revenues of $370,000, expenses of $320,000, and paid dividends of $20,000. What was Finney's net income for the year?

• A) $30,000
• B) $70,000
• C) $50,000
• D) $90,000

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Individuals in the later stages of life, often considered to be age 65 and older.

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