Multiple Choice
Revenue on account amounted to $4,200. Cash collections of accounts receivable amounted to $2,450. Expenses for the period were $2,200. The company paid dividends of $500. What was the amount of net income for the period?
A) $250
B) $1,950
C) $1,500
D) $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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