Revenue on Account Amounted to $5,000

question 77

Multiple Choice

Revenue on account amounted to $5,000.Cash collections of accounts receivable amounted to $2,300.Expenses for the period were $2,100.The company paid dividends of $450.Net income for the period was

• A)$1,200.
• B)$2,900.
• C)$2,850.
• D)$2,450.

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Definitions:

Industrial Unions

Unions that organize workers across all crafts and trades within a single industry.

New Deal Era

A period in American history during the 1930s in which President Franklin D. Roosevelt implemented a series of economic interventions designed to recover from the Great Depression, including job creation programs, financial regulations, and social welfare initiatives.

Organized Labor

Associations of workers united to protect and further their rights and interests; also known as labor unions.

New Deal Era

The New Deal Era refers to the period in the United States during the 1930s when President Franklin D. Roosevelt implemented policies to counteract the effects of the Great Depression.