During the Year 2011, Diego Company Earned Revenues of $45,000

question 115

Multiple Choice

During the year 2011, Diego Company earned revenues of $45,000, had expenses of $25,000, purchased assets with a cost of $5,000 and paid dividends of $3,000.Net income for the year is

• A)$45,000.
• B)$20,000.
• C)$17,000.
• D)$15,000.

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