Solve
-The Neighborhood Lemonade Stand, Inc $- \$ 625$ B) $- \$ 860$

question 203

Multiple Choice

Solve.
-The Neighborhood Lemonade Stand, Inc. reported net incomes of -$361, -$264, and -$235 for the past three years. What was its total net income for these three years?

• A) \(- \$ 625\)
• B) \(- \$ 860\)
• C) \(- \$ 499\)
• D) \(\$ 860\)

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Definitions:

Unsecured Debts

Obligations for which the borrower does not provide collateral, making them riskier for lenders.

Involuntary Bankruptcy

A legal procedure where creditors petition a court to declare a debtor bankrupt, without the debtor’s consent, in order to recoup some of the owed money.

Chapter 13

A type of bankruptcy filing in the United States that allows individuals earning a regular income to develop a plan to repay all or part of their debts over time.

Steady Income

A consistent flow of money earned or received over time, usually through employment, investments, or other reliable sources.