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What Is Net Income for Shiver Ice House A)$19,578
B)$20,528
C)$23,728
D)$49,578
E)$24,578

question 164

Multiple Choice

What is net income for Shiver Ice House?
 Common Stock...$ 120,000 Accounts Payable.....$25,000  Cash..............$116,640  Accounts Receivable..$22,450  Supplies..........$ 1,500 Office Equipment.....$23,300  Prepaid Rent......$ 3,200 Unearned Revenue...$ 4,152 Revenue..........$ 20,000 Utilities Expense......$ 422 Retained Earnings.$ 30,000 Shaving Equipment...$31,640 \begin{array} { l l } \text { Common Stock...\$ } 120,000 & \text { Accounts Payable.....\$25,000 } \\\text { Cash..............\$116,640 } & \text { Accounts Receivable..\$22,450 } \\\text { Supplies..........\$ } 1,500 & \text { Office Equipment.....\$23,300 } \\\text { Prepaid Rent......\$ } 3,200 & \text { Unearned Revenue...\$ } 4,152 \\\text { Revenue..........\$ } 20,000 & \text { Utilities Expense......\$ } 422 \\\text { Retained Earnings.\$ } 30,000 & \text { Shaving Equipment...\$31,640 }\end{array}


Definitions:

Business Writing

The process of composing messages, documents, and other forms of communication used in a professional or business context.

Paragraph

A distinct section of a piece of writing, dealing with a single theme.

Formal Research

A systematic investigation or study conducted to gain knowledge and understanding on a specific topic, following established academic or professional methodologies.

Job-sharing Benefit

Job-sharing benefit refers to the advantages gained from a work arrangement where two or more employees share the responsibilities of a full-time position, often leading to improved work-life balance and job satisfaction.

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