The Total Revenues of $6,500,total Expenses of $3,500 and Dividends

question 14

Multiple Choice

The total revenues of $6,500,total expenses of $3,500 and dividends of $500 were recorded in the closing entries.The net income for the month was:

• A)$6,000.
• B)$3,000.
• C)$2,500.
• D)$3,500.

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Definitions:

Informed Consent

A process in research and healthcare where individuals are given information about a procedure or study, understanding the risks and benefits before agreeing to participate.

Sample Frame

A list or database from which a sample is drawn for research, representing the larger population intended to be analyzed.

Research Design

The framework or plan for a study that guides the collection and analysis of data, determining the type, sources, and methods of data gathering and analysis.

Data Analysis Decisions

The process of systematically applying statistical and logical techniques to describe, illustrate, condense, recap, and evaluate data.